A Central Bank of Liberia (CBL) financial and economic bulletin released recently covering the period January to September 2015 stated that 9,390 metric tons of rubber was produced between July and September, 2015, while 3,171 metric tons of cocoa was produced in the preceding quarter.
The report shows a 30.7 percent or 4,161 metric tons of rubber lower than the output in the previous quarter.
According to the report, the decline in rubber production was explained by the fall in the average global market price of the commodity.
“On an annualized basis, output fell by 45.1 percent or 7,722 metric tons from 17,122 metric tons recorded in the corresponding period of 2014,” the report stated.
Meanwhile, the report indicated that cocoa production in the review quarter was down from 3,375 metric tons produced in the preceding quarter.
According to the report, the 6.0 percent in output, despite the rise in the average world market price, was due to structural constraints.
The report noted that when compared with the same period a year ago, output rose by 1,739 metric tons.
“Coffee output in the review quarter was at 19 metric tons, down from 38 metric tons recorded in the preceding quarter,” the report stated.