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Director General's Message

The global economy staged a good recovery in 2017 but uncertainties remain for 2018. The trade performance of the rubber industry was impressive in 2017 as exports rose by more than 30% at RM32.3 billion (excluding rubberwood). The overall total export of commodity products rose by 14.4% to RM140.3 billion and contributed 15% to national exports.

Director General's Message

The rising trend in the world and local consumption of rubber currently bodes well for the rubber industry. World demand for rubber is expected to rise 3.9%/year through 2019 (due to rising levels of tyre manufacturing) and in the Asia Pacific region, global demand growth is expected to rise by more than 4%. This would account for 65.2% of global demand by 2019 compared with 62.5% in 2014.

The expected growth would be in manufacturing whereby the demand for non-tyre applications (automotive, medical, industrial rubber products) are expected to increase and the fastest growing rubber markets would be – Indonesia, India, Thailand, China, largest market and is expected to represent more than 50% of the Asia Pacific region.

On the domestic front, the government during the 2017 Budget Speech has announced a Monsoon Aid Payment (BMT) with an amount of RM200 per month in November and December 2017 and January 2018 to assist 440,000 smallholders and rubber tappers nationwide. The objective of this assistance is to ensure the welfare of smallholders and rubber tappers are guaranteed during the monsoon season period. An allocation of RM261 million will be provided for the assistance. A total of RM56,651,600 was paid out to 322,260 smallholders and rubber tappers as at December 2017.

2017 has been a good year for MRB, reflecting on our achievements and I want to thank everyone in MRB for your outstanding efforts in overcoming the challenges faced by the industry. MRB stepped up and was there for our clients and our stakeholders.

Best regards

YBhg. Dato' Dr Zairossani Mohd Nor
Director General
Malaysian Rubber Board

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