SRI LANKA - RUBBER PRICES UP

Natural rubber at this week auction fetched Rs.311. per kilo. Reason for this noteworthy performance was, comparing prices in January this year this was distinctly 100 % increase in prices.

January prices were low at Rs. 150. per kilo. This price increase was good, the PlantationMinister said.

According to the Rubber development Department sources 45.7 million metric tons was produced January through October this year. Export value was approximately Rupees 4.3 billion.

Main importers of Sri Lanka rubber are Pakistan, India, US, and Germany.
Minister Jayaratne said increase in world rubber prices was a relief to all natural rubber producers. Particularly small scale producers.


GOOD TIME FOR  PLANTATION COMPANIES THAT HAVE MORE EXPOSURE TO RUBBER

source -www.island.lk