Latest news with #StandardMalaysianRubber
Barnama
26-05-2025
- Business
- Barnama
Rubber Market Ends Mixed Amid Lower Oil Prices, Stronger Ringgit
By Nur Athirah Mohd Shaharuddin KUALA LUMPUR, May 23 (Bernama) -- The Malaysian rubber market closed mixed today, weighed down by declining crude oil prices and a firmer ringgit against the US dollar, a dealer said. She told Bernama that market sentiment was also influenced by movements in regional rubber futures markets. As of 5.10 pm, Brent crude oil prices had declined by 0.76 per cent to US$64.04 per barrel. At the time of writing, the local currency strengthened to 4.2285/4.2350 against the greenback, compared to Thursday's close of 4.2705/2765. 'Oil prices dropped for a fourth consecutive session on Friday and were set for their first weekly decline in three weeks, weighed down by renewed supply pressure from another possible output hike by the Organisation of the Petroleum Exporting Countries Plus (OPEC+) in July. 'Thailand's meteorological agency also warned farmers of possible crop damage, adding that heavy rains and accumulation may cause flash floods from May 23–27, 2025,' said the dealer. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR 20) decreased by 4.50 sen to 740.50 sen per kilogramme (kg), while latex in bulk rose five sen to 627.0 sen per kg. -- BERNAMA
Barnama
14-05-2025
- Business
- Barnama
Malaysia's Natural Rubber Production Drops 20.3 Pct In March 2025 -- DOSM
14/05/2025 03:18 PM KUALA LUMPUR, May 14 (Bernama) -- Malaysia's natural rubber (NR) production fell by 20.3 per cent to 28,712 tonnes in March 2025 from 36,005 tonnes in February 2025, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said, however, production increased by 6.5 per cent year-on-year compared with 26,966 tonnes in March 2024. 'Production of NR in March 2025 for Malaysia was mainly contributed by smallholders sector (90.9 per cent) as compared to estates sector (9.1 per cent),' he said in a statement today. He noted that total NR stocks in March 2025 increased by 4.1 per cent to 215,054 tonnes from 206,665 tonnes in the preceding month. Rubber processors factory contributed 87.6 per cent to the stocks, followed by rubber consumers factory (12.3 per cent), and rubber estates (0.1 per cent). Mohd Uzir said that Malaysia's NR exports amounted to 52,573 tonnes in the month reviewed, down 4.1 per cent from 54,847 tonnes in February 2025. China remained the main destination for NR exports, accounting for 47.7 per cent of total exports in March 2025, followed by Germany (8.0 per cent), the United States (US; 7.4 per cent), the United Arab Emirates (6.3 per cent), and Egypt (3.3 per cent). 'Exports were contributed by NR-based product such as gloves, tyres, tubes, and rubber thread. Gloves were the main exports of rubber-based products worth RM1.3 billion in March 2025, an increase of 9.5 per cent as compared to RM1.2 billion in February 2025,' he said. Meanwhile, DOSM reported that the average monthly price of concentrated latex rose by 0.4 per cent to 696.05 sen per kilogramme (kg) in March 2025, compared to 693.13 sen per kg in February 2025, while scrap rubber prices declined by 1.1 per cent to 761.92 sen per kg from 770.44 sen previously. It also noted that the price trend for all Standard Malaysian Rubber (SMR) grades was mixed, ranging from a decrease of 1.9 per cent to an increase of 0.4 per cent.
BusinessToday
14-05-2025
- Business
- BusinessToday
Rubber Production Drops 20.3% MoM In March
Malaysia's Natural Rubber production decreased by 20.3 per cent in March 2025 as compared to February 2025 according to the latest report by Department of Statistics. On a Year-on-year comparison, it showed that the production of NR increased by 6.5 percent while production was mainly contributed by the smallholders sector (90.9%) as compared to the estates sector (9.1%). DOSM noted that total stocks increased by 4.1 percent to 215,054 tonnes as compared to 206,665 tonnes in February 2025. Rubber Processors Factory contributed 87.6 percent of the stocks, followed by Rubber Consumers Factory (12.3%) and rubber estates (0.1%). Exports amounted to 52,573 tonnes in March, a decrease of 4.1 percent as against February 2025 (54,847 tonnes). China remained the main destination for NR exports, which accounted for 47.7 percent of total exports in March 2025, followed by Germany (8.0%), %), the United States of America (7.4%), the United Arab Emirates (6.3%) and Egypt (3.3%). The exports performance was contributed by NR-based product such as gloves, tyre, tubes and rubber thread. Gloves were the main exports of rubber-based products with a value of RM1.3 billion in March 2025, an increase of 9.5 per cent as compared to February 2025 (RM1.2 billion). Analysis of the average monthly price showed that Concentrated Latex recorded an increase of 0.4 per cent (March 2025: 696.05 sen per kg; February 2025: 693.13 sen per kg) while Scrap decreased by 1.1 per cent (March 2025: 761.92 sen per kg; February 2025: 770.44 sen per kg). Trend of prices for all Standard Malaysian Rubber (S.M.R) is mixed between increased 0.4 per cent and decreased 1.9 per cent. Related
Barnama
05-05-2025
- Business
- Barnama
Rubber Market Ends Lower Due To Weaker Oil Prices, Stronger Ringgit
By Nur Athirah Mohd Shaharuddin KUALA LUMPUR, May 5 (Bernama) -- The Malaysian rubber market closed lower today, pressured by falling crude oil prices and a stronger ringgit against the US dollar. Trading was also subdued due to public holidays in several regional rubber markets, a dealer said. At 4.35 pm, the local currency strengthened to 4.2140/2200 versus the greenback from Friday's close of 4.2560/2600, making Malaysian rubber less competitive in international markets. The dealer said concerns over the impact of US trade tariffs on the global economic outlook continued to weigh on market sentiment. 'Nevertheless, further losses were capped by concerns over dwindling raw material supply in major natural rubber (NR) producing countries due to wet weather, as well as optimism over United States trade talks, following signs of easing trade tensions,' he said. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 dropped 9.0 sen to 729 sen per kilogramme (kg), while latex in bulk fell 4.50 sen to 604.50 sen per kg. -- BERNAMA
Barnama
28-04-2025
- Business
- Barnama
Rubber Market Ends Lower, Tracking Regional Futures Performance
Market sentiment remained subdued amid concerns over global economic uncertainties due to the United States (US)-China trade tensions, said a dealer. She noted that, nevertheless, further losses were capped by gains in oil prices, a steady ringgit against the US dollar and optimism over China's potential recovery supported by stimulus measures. 'Chinese stocks were subdued amid ongoing uncertainties surrounding US-China trade talks,' she told Bernama. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 dropped 5.0 sen to 747.50 sen per kilogramme (kg), while latex in bulk fell by 4.0 sen to 621.50 sen per kg.
