Good times for rubber industry
Irangika Range
Sri Lankan rubber recorded a highest price of Rs 730 per kilo for RSS
grade 3 rubber. This was the highest price reached in this grade in the
history of Sri Lankan rubber.
“This was the highest ever price recorded for rubber at the Colombo
auctions held last week,” a Plantation Industries Ministry spokesman
said.
Year 2011 so far has been the best year for traders with rubber being
auctioned at high prices from January. ”Sheet rubber of both high and
lower grades were also sold at comparatively higher prices,” he said.
The Rubber market seems to be gaining momentum with rising demand with
big buyers’ participation and short supply in the world market.
He said that the Government provides fertilizer and high quality
rubber saplings to promote the rubber industry. Rubber smallholders
contribute 70 percent of the country’s rubber production. “We want
sustain them in the industry”.
So, the higher prices of rubber have encouraged many smallholders to
increase production,” he said. The rubber industry also remains a major
sector in the economy in terms of contribution to the Gross Domestic
Product (GDP), export earnings, employment and income, involving large
numbers of smallholders. |