GEORGE TOWN: Malaysia’s export of rubber products is estimated to increase by 80 per cent to reach RM74 billion this year from RM41 billion last year, attributed to a spike in the export of rubber gloves.
Rubber gloves would likely constitute over 90 per cent of the country’s total export of rubber products, said a Malaysian Rubber Board spokesperson.
"The improving global economic activities have scaled-up the outlook for natural rubber (NR) demand. Global consumption of NR is anticipated to increase 6.7 per cent to 13.7 million tonnes in 2021 following the 7.8 per cent fall in 2020.
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