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| Rubber News |
Malaysia's rubber output seen rising 17pc26 April 2008 KUTA, Indonesia: Malaysia, the world’s third largest natural rubber producer, expects its rubber output to increase by 17 per cent in five years because of output from new plantations, the country’s commodities minister said today. Malaysia’s rubber output has been about 1.2 million tonnes in recent years due to a lack of mass replanting in the past and as growers switched to palm oil. But Peter Chin said the country is expected to see 22,000 hectares of new rubber land, which will boost its rubber output to 1.4 million tonnes within 5 years. “It will take some time for production to come onstream. It will take about five years before they are ready for tapping,” Chin said. The replanting would bring additional output of between 100,000 and 200,000 tonnes, he said. Rising rubber prices have encouraged smallholders in rubber-producing countries in Southeast Asia, including Malaysia, to increase tapping and replanting activity. Standard Malaysian Rubber (SMR) 20 stood at $2.74 a kg today. The country has 1.1 million hectares of rubber plantations. Chin also said the country’s cocoa output is expected to reach 37,000 tonnes next year, from an estimated 33,000 tonnes this year as farmers try to take advantage of soaring cocoa prices. Malaysia is the largest cocoa grinder in Southeast Asia, but dwindling cocoa output has prompted grinders to import cocoa beans from neighboring Indonesia, the world’s third largest cocoa beans producers after Ivory Coast and Ghana. - Reuters Source: Business Times Online |
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