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Malaysia's natural rubber production rises 6.6 pct in August

Malaysia's natural rubber production grew 6.6 percent to 44,543 tonnes in August from the previous month, official data showed on Thursday.

Malaysian Statistics Department said in a statement that on a yearly basis, the natural rubber production fell 22.7 percent from the same month in the previous year.

The department also said the exports of natural rubber dropped by 6 percent month-on-month to 42,658 tonnes. China remains as the main export destination, accounting for a share of 46.8 percent.

Rubber gloves continued to be the main export item. Its export value, however, slipped 5.2 percent to 3 billion ringgit (about 720 million U.S. dollars) in August.

The stocks of natural rubber in August also declined by 0.7 percent month-on-month to 233,537 tonnes.