Apr 2 (DM) Rubber prices at the Colombo auction have hit the lowest levels since 2009, and appears to continue to slip for the foreseeable future, while production may fall, having already reduced to the lowest since 2004, heralding a dark age for the industry. “Today I bought a batch of RSS1 for Rs.212. The prices are the lowest since July 2009 and the national production has fallen to 98,514 tonnes in 2014,” Colombo Rubber Traders Association Chairman M. S. Rahim said.
Tharu Niwadu Gihin - Yureni Noshika |
Apr 2 (DM) Rubber prices at the Colombo auction have hit the lowest levels since 2009, and appears to continue to slip for the foreseeable future, while production may fall, having already reduced to the lowest since 2004, heralding a dark age for the industry. “Today I bought a batch of RSS1 for Rs.212. The prices are the lowest since July 2009 and the national production has fallen to 98,514 tonnes in 2014,” Colombo Rubber Traders Association Chairman M. S. Rahim said.
