Record price for Malwatte Valley rubber

Malwatte Valley Plantation obtained a record price over Rs 450 per kg for its Centrifuged Rubber Latex manufactured at their Vincit estate in Avissawella.

The company has now sold its entire production of rubber until the end of its first half financial year ending June 2010 at today's boom prices.

Company Managing Director W.L. Bogtstra said such forward sales were done to insure the profit of this sector arising out of these lucrative prices to end June 2010.

Tea prices though slightly lower recently have resulted in favourable profits so far this year. With increased crops earnings and brought leaf operations the financial prospects of the company are encouraging.