01/11/2013

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SRI LANKA: Rubber industry poised for growth

"The international markets were improving, thus auction prices were  also improving. Most of the improvements in auction prices were due to  the demand from Japan and regional markets," Perera said. Though improvements on auction prices may seem marginal compared year  on year, according to Perera, there had been an improvement throughout  last week and he expects it to last thoughout the first quarter of the  year."The month of March may be a bit of a bleak month, as it was the  winter season and the supply would tend to cause difficulties, however  this is not unexpected, this was a pattern that continues year after  year."According to reports, Latex Crepe 1x traded at an average price of Rs 400 per kilogram, which had been a significant increase from  December's Rs 382 per kilogram.Meanwhile according to the chairman of the Rubber Traders' Association, M. S. Raheem, the prices at the auction for the moment are  good and stable. However Raheem said that the industry may grow better or worse; it depends on time but at present the prices are good."The prices are at a considerably good standard and it is according  to my view at its best. The country's performance in the previous year  had been outstanding and we could achieve more if the currency remained  stable," Raheem said.(Syed Rashid Ali, Karachi, Pakistan)
Source: "Daily News", Colombo; 9 Jan 2013

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