Record price for Salawa rubber
Lanka Commodity Brokers Limited have secured an all time record price
for three lots of rubber sold at yesterday's auction. Three lots of
latex crepe from Salawa Estate realized an All Time Record Price of Rs
609 per kg, which bettered the previously held record price of Rs 605
established just a week ago.
Salawa Estate is managed by Pussellawa Plantations and is one of the
larger rubber estates in the country.
All three lots were purchased by Almar Trading (Pvt) Ltd, who is one
of the leading shippers of rubber, whilst the sale was conducted through
the catalogue of Lanka Commodity Brokers Ltd.
The demand for rubber has been steadily rising and this trend is
expected to continue as the rubber crops in other major producing
countries like Thailand, Indonesia and Vietnam have shown a drop
following adverse weather conditions.
Additionally, the Motor Vehicle Industry in India has predicted a
double digit growth for 2011 and this will also be in favour of strong
and sustained demand for rubber this year.
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