When compared with September, exports increased RM1.2bil (+1.7%) from RM68bil.
KUALA LUMPUR: The Ministry of Plantation Industries and Commodities expects rubber and rubber product exports to hit this year’s RM20bil target due to buying support mainly from the US, Europe, China and India.
Its Minister, Datuk Seri Mah Siew Keong, said between January and July 2017, rubber and rubber product exports rose by 38.5% to RM19.1bil from RM13.8bil during the same period last year.
He said this was partly due to the decision by some of the importing countries to switch to natural rubber (latex/nitrile-based) gloves from vinyl gloves, noting that the former were produced in Malaysia. - BERNAMA
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
