Malaysian Rubber Sector to Recapture Its Bounce

Malaysia is poised to remain competitive on the global front via revitalised strategies and action plans under the newly launched Malaysian Rubber Industry (MRI) Strategies 2010-2020 and Malaysian Rubber Board (MRB) Strategies 2010-2020.
 
By 2020, Malaysia is targeting for rubber productivity to hit 1.8 tonnes per ha per year, total production of about 1.8 million tonnes, total rubber planted area of 1.2 million ha and tappable area of one million ha.
Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said the formulation of the domestic rubber industry strategy to reposition the sector and sustain its competitiveness was timely given the highly challenging global environment.

Both the midstream and downstream sectors would focus on improving market share through value-addition and diversification initiatives, including sustaining the growth of the Standard Malaysian Rubber (SMR) market and creating the market for speciality rubber and value-added production.