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Natural rubber output down in May [15-07-2013]  
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The production of natural rubber in May fell by 19,857 tonnes (28.4% year-on-year or y-o-y) to 50,016 tonnes.

Compared with April, production increased by 7,135 tonnes (16.6% month-on-month or m-o-m).

According to the Statistics Department, the level of stocks in May was 122,908 tonnes, which meant an increase of 11.1% y-o-y and decreasing by 13.5% m-o-m.

Meanwhile, exports of natural rubber inched up 1% y-o-y and 3.9% m-o-m to 63,429 tonnes in May.

The main export destinations were China (38.9%), followed by Germany (14%), Iran (7.8%), the United States (4.5%), Finland (4.2%), Brazil (2.9%), South Africa (2.2%) and Portugal (2.1%).

Imports of natural rubber in May increased by 8,876 tonnes or 14.2% y-o-y to 71,264 tonnes.

M-o-m, there was also an increase in imports by 15,662 tonnes (28.2%). Latex concentrate and standard rubber were the main types of natural rubber imported at 38.9% and 36.4%, respectively.

Natural rubber was imported mainly from Thailand (51.3%), followed by Vietnam (16.1%).

As for the domestic consumption of natural rubber in May, it increased 1% or 370 tonnes y-o-y to 36,791 tonnes.

While m-o-m, domestic consumption of natural rubber climbed 1,441 tonnes (4.1%) in May.

In May, the overall average monthly price of natural rubber showed a slight increase.

The average price of latex concentrate was recorded at 584.02 sen, increasing 2.77 sen (0.5%) from the previous month, whereas y-o-y, the average price of latex concentrate was reduced by 135.03 sen (18.8%).

The average price of Standard Malaysian Rubber 20 that was recorded at 744.88 sen also dropped 0.6% m-o-m and 27.7% y-o-y.

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