Rubber fetches high price
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Crepe rubber processing
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Rubber prices gained an all time high last week.
A kilogram of rubber fetched Rs 363.25 at the auction.
Sri Lanka is the main exporter of rubber to many countries including
China and India. They are the biggest manufacturers of tyres in the
region.
There has been less rubber production as many of the countries faced
a dry weather.
Even the largest rubber producer in the region, Thailand is also
affected due to the prevailing dry weather, Colombo Rubber Traders
Association Chairman M.S. Rahim said.
'Due to the dry weather, production dropped drastically.
There will be a drop in demand in the future if this weather
continues. Most of the rubber manufacturing countries have faced the
same situation, Rahim said.
He said last year out of the total rubber production in the country,
over 60 percent was used for the local industry. The industry expands to
a land extent of 122,000 hectares in the country.
The total exports of natural rubber in the country amounted to 55,990
metric tons last year.
Sri Lanka exports only white crepe rubber which has a good demand in
the world market.
(HP)
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