Malaysia bettered its rubber production in the second month of this year after taking a severe beating in January due to rains. The fresh impetus has bolstered the spirits of the administration and the Malaysian Rubber Board, who are engaged in a concerted effort to boost rubber production in the country. They are harping on a long-term plan for a quantum jump in rubber production by reviving idle plantations in over 420,000 hectares held by smallholders in the country.
Highlights
• February marks 18.7% NR yield growth MoM, 21.3% growth YoY
• Exports of NR too go up by an impressive 23.7% MoM
• Malaysian gloves set to upend China's competition in US market