The Export Development Board gives a reader an upbeat outlook: “Sri Lanka has a well-established natural rubber industry with a well-organised infrastructure comprising of all supporting institutes in public and private sector. The second category is the estate sector, owned by private individuals and companies with less than 50 acres in extent. If the appraisal is limited to a five-star hotel summit, truth will be the casualty and with it, the future of the industry. Heavy rains and lack of suitable weedicides such as glyphosate have become a big headache for estates. Daily Price Report - 28 December 2020. Whether this situation would change if there is large scale unemployment due to the coronavirus is left to be seen. According to the Rubber Development Department of Sri Lanka, there will be a decline in the rubber production in the country this year by 33,000 metric tonnes due to high immature extent in the country, thereby increasing the domestic rubber prices offsetting the decline in price caused by the excess production in the world. It has become much easier to sell raw field latex mixed with ammonia to factories like Lalans Group, Dipped Products and other local latex collectors, etc., at around 15% to 20% less than the average RSS 1 price of a given month. Home Sri Lanka Rubber Prices Update. 152 billion). There are already a number of international rubber manufacturers with state-of-the-art manufacturing units utilising the availability of premium quality rubber, in Sri Lanka.”. Skip to content. your username. View Gold Prices. Of course harvesting will be affected on account of the terrain of plantations. He questions the need for more trees if they cannot be tapped. ... in the rubber sector in Sri Lanka. But, the danger is that already, the rubber products industry will have to depend largely on the raw rubber supplies from other Asian countries. On such days, the tappers earn more than double the normal daily wage. These fields have to be maintained at great cost over seven years, as the replanting subsidy given by the RDD is grossly inadequate to cover all replanting costs and bring the fields up to tapping stage. Immature fields have to be fertilised even more frequently. You can compare these prices with other phones stores before purchase a mobile phone . View Gold Prices. 300 in March 2020. Find the New Vehicle Price in Sri Lanka. Rubber Prices; Contacts Us. It would be interesting to know whether the cost of imported raw rubber is factored in when statistics are released on foreign exchange earnings from the export of value added rubber goods. Mature rubber has to be fertilised at least once a year to maintain high productivity levels. In addition to the type of fields mentioned in 2.) Unfortunately, most estates have a severe shortage of skilled tappers and recruiting any new tappers has become more or less impossible. The RDD funds a program to provide RGs covering a very substantial part of the cost of fixing RGs. c. Subsidies given by the government using the CESS that is levied on the sale of raw rubber for planting and re planting new trees, appears counterproductive unless there are tappers to tap these trees when they reach the stage of tapping. However, not many are interested in buying rubber lands at a time when rubber prices are so low. This reflects year-on … Rubber Research Institute former Executive Director Dr. L.M.K. Currently, most small estates in Sri Lanka are only harvesting around an average of 1,000 kg of rubber per hectare per year. Rubber trees are grown systematically and re-planting programmes are carried out continuously in keeping with the recommendations of RRI. Vimal Dias, a small and medium scale plantation owner, himself a management consultant with a long history in supply chain management work, both at national and international level, laments the lack of a realistic appraisal of all the factors that contribute to the situation faced by Sri Lanka. Designed & Developed by, Raw Rubber Process Development & Chemical Engineering, Do not kill the goose: there is no such thing called “Golden Eggs”. Dias notes nine typical problems for the unhindered rise in the cost of production which has no linkage to productivity and how the cost of production may be lowered if the raw rubber industry is to survive in Sri Lanka. Sri Lanka, March 2020: The price of electricity is U.S. Dollar per kWh for households and U.S. Dollar for businesses which includes all components of the electricity bill such as the cost of power, distribution and taxes. Silver Prices. Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) Chairman Prabhash Subasinghe had pointed out with disappointment that rubber production in the country grew only 7% to 85,000 tons in 2017: “The local demand for rubber is almost 130,000 tons, this creates a major shortfall and inefficiency.”. […] Read More Yamaha Bike Price in Sri Lanka. Such incidence will also reduce the yield in terms of kg of field latex collected per tapper. Palladium Prices. The third and the last option would be to sell the land. However, experience shows that it is not a complete answer, as weeds tend to return with a vengeance after use of the bush cutter. Sri Lanka is attempting to sustain economic growth while maintaining macroeconomic stability under the IMF program it began in 2016. Hence, many estates have been compelled to revert back to the age old method of manual weeding, despite its high cost. Compare Laptop Charger Prices From Various Online Stores - Ideabeam Explore f. The inconvenient truth of some or all rubber plantations being consigned to history in the longer term may have to be entertained and a decision taken to grow other crops in existing plantations including forestry products where the harvested timber could be used locally or even exported. Silver Prices. During this half a decade, the productivity of rubber lands in Sri Lanka has dropped down to 774 kg/Ha/ Yr while the same in Cambodia has risen from 450 Kg/Ha/Yr to 1090 kg/Ha/ yr. At present, the contribution from the rubber industry to the total export value of Sri Lanka is only 5% of which Rs. 110, Kumaran Rathnam Road Colombo 02 Sri Lanka. He says the turnover of Sri Lanka’s rubber industry currently stands at approximately $ 1 billion and that in 2017, the estimated rubber product export value was $ 855 million. Log into your account. Dates & venues for SRI LANKA PLAST 2021 - International Plastics Exhibition. The targeted growth of 200% in export earnings is expected from the rubber industry by 2025 moving the industry upwards to become a 15% contributor to National export earnings. Find the best Suzuki bike price in Sri Lanka on pricelanka.lk website. An attempt is made here to describe some of the technical and management issues facing the estate sector in particular. The Tea Exporters Association was incorporated to promote and protect the common interests of members who are engaged in tea exports. This is because about 80% of the COP accounts for labour and has risen very significantly in recent years. Many owners have inherited their properties and have not raised loans to purchase their lands. Sri Lanka needs to export more value added rubber products than raw rubber to achieve the government set target of three billion US dollars in 2020. The free-market economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 and $296.959 billion by purchasing power parity (PPP). For comparison, the average price of gasoline in the world for this period is 241.48 Sri Lanka … Latex crepe rubber (Grade 1X) had been traded at the highest price of Rs. The norm is to allocate between 250 to 300 trees per tapping block, but nowadays tappers are not tapping more than 200 trees per day. However, these days most tappers are reluctant to do any double tapping. Rubber is a commodity, and hence its price in the world markets moves in cycles. Vimal Dias, confirms the drop in production and also the drop in income as latex prices which have steadily been on the decline while the cost of production has increased. Rubber plantations in Sri Lanka generally fall into three key categories. RUBBER PRICES FROM RUBBER DEVELOPMENT DEPARTMENT OF SRIL LANKA. The Sri Lankan government will slash a cess on raw rubber exports to Rs4 a kilo from Rs15 to help cultivators get better prices by increasing competition between shippers and the domestic industry, a spokesman said. This is mainly because most tappers are now getting to be very old and find it difficult to do even single round of tapping. Sri Lanka aims to make the rubber sector a 3.0 billion US dollar industry in 2020. However, over the last 10 years or so, the COP for producing field latex has been rising steadily. While Sri Lanka’s current market share of the global rubber product market is 0.27%, the … The other most important indicator to on tapper productivity is the average number of kg of rubber harvested per tapper over a period of one year for the estate as a whole. Normally the answer to ever rising costs is to mechanise some key activities where possible. Further, it takes time to produce a skilled tapper. Platinum Prices. Unfortunately, such crops are even more labour intensive and setting up a new tea field for example would be very costly. The last boom period for rubber was around 2011, when the price of RSS 1 went beyond Rs. Palladium Prices. Really struggling to find prices for navy cut, Bristol and capstan. Also, the rubber auction had been held in April 2020 adhering to the guidelines on COVID-19 and about 300,000 kilograms of raw rubber had been auctioned. The report Rubber Glove Market in Sri Lanka to 2020 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook for rubber gloves in Sri Lanka. Moreover, Sri Lankan rubber sector is the third largest export earner of the country providing over 300,000 direct and indirect job opportunities to Sri Lankans across various professions and walks of life. Posted on August 16, 2020 August 16, 2020 . Prices in Sri Lanka This country had 1859 entries in the past 12 months by 149 different contributors. Apr 17, 2020 - New Bajaj Pulsar 150 Price Starts at LKR 350,950/- in Sri Lanka. Find the best Bajaj Pulsar bike price in Sri Lanka on pricelanka.lk website. The long term aim had been stated as a $ 4.4 billion industry by 2025. Friday, 19 June 2020 00:00 If an honest appraisal is done, it appears that the rubber industry in Sri Lanka is ailing from a debilitating decease and its very survival is at stake in the longer term. The Central Bank of Sri Lanka Further Reduces the Statutory Reserve Ratio. The global rubber industry has always been concerned over the fluctuating supply and spiralling prices of natural rubber (NR). 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