Rubber exports fetch higher price
This month, Sri Lanka’s rubber exports have fetched a higher price in
the international market. It is the highest since December last year,
said Plantation Industries Minister D.M. Jayaratne.
Sheet rubber has increased from Rs. 125 to Rs. 225 per kilo while
crepe rubber has increased from Rs. 225 to Rs. 229 per kilo.
This is an overall price increase of nearly 30 percent.
According to the Rubber Development Department Director Wimal
Rubasinghe 97,375 kg crepe and 30,565 kg of sheet rubber were offered
for sale at yesterday’s auctions. Minister Jayaratne attributed the
price increase to the improved quality of rubber offered by Sri Lanka on
the Government’s initiative.
Sri Lanka produced two types of rubber for the international market
in the form of finished goods and raw (material) rubber.
Sri Lanka’s main buyer is Pakistan while the European Union,
Singapore and USA are among the other buyers.
Foreign exchange earnings through rubber exports amounted to Rs. 76
billion last year. |
