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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » RUBBER PRICE

RUBBER PRICE

+2
AAABoy
kassachandi
6 posters

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1RUBBER PRICE Empty RUBBER PRICE Mon Sep 01, 2014 11:53 pm

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Government today puts a fix price for rubber.sounds good news for loss making rubber industry Smile

2RUBBER PRICE Empty Re: RUBBER PRICE Tue Sep 02, 2014 12:03 am

AAABoy

AAABoy
Moderator
Moderator
Good news. Will KOTA and KGAL prices go up today?


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3RUBBER PRICE Empty Re: RUBBER PRICE Tue Sep 02, 2014 12:21 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@kassachandi wrote:Government today puts a fix price for rubber.sounds good news for loss making rubber industry Smile

another price band and try to put price into high by manually.

Hal wage thiye 70 dapuwama 85

Rubber X dapuwama X-amount thiyei.

are we exporting rubber or importing rubber.
I remember on stage Minister said we have import rubber. to put price lower.

if we importing rubber we should stop that then market will find real value of local market.

4RUBBER PRICE Empty Re: RUBBER PRICE Tue Sep 02, 2014 8:32 am

Octopus

Octopus
Expert
Expert
Yes this may be another Haaal. Agree

is there any industry that has picked up due to this government's intervention?
If so which sector?

this may be a another gilmart to earn quick money for few politicians.

5RUBBER PRICE Empty Re: RUBBER PRICE Tue Sep 02, 2014 9:29 am

dougieboy


Moderator
Moderator
If this is on rubber imports it is one thing. Any link to the news ?

Price control locally is one thing, but selling to world market , we cannot control prices.

6RUBBER PRICE Empty Re: RUBBER PRICE Tue Sep 02, 2014 9:35 am

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Sri Lanka needs to export value added rubber products to reach $3bn target in 2020: Official


September 01, 2014 (LBO) – 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 says an official from export development board.

“The theme of government is to grow rubber, aiming to increase raw rubber production in Sri Lanka,” Bandula Egodage, Chairman and CEO of Export Development Board said.

“We discourage raw rubber exports,”

“We are not curtailing raw rubber production in Sri Lanka but promoting rubber based exports,”

“We need to go for value addition rather than selling raw.”

He was addressing the launching ceremony of Global Rubber Conference (GRC) 2014, an annual global conference on rubber sector, co – organized by the Export Development Board and the Confexhub, Malaysia which scheduled to be held on 27th to 30th October in Sri Lanka.

The conference provides a platform for rubber products experts, policy makers, captains of industry and investors platform to converge and meet face to face to discuss a wide spectrum of commercial, R&D developments and 2014-’15 price outlook.

Egodage said Sri Lanka require high tech, foreign expertise, networking, awareness, research and development to build the industry.

“We need expertise and high tech to help the industry to boost,” Egodage said LBO.

“This is an old industry which we can build and get revenue into the country while selling value added products for global demand.”


Sri Lanka is world’s sixth largest rubber exporter and eighth largest natural rubber producing country in the world.

An about 70 percent of global rubber production goes to the tyre industry.

Sri Lanka aims to make the rubber sector a 3.0 billion US dollar industry in 2020, a top official said.

Sri Lanka rubber exports has increased to 960 million dollars in 2013 up from 100 percent from year 2009.

In 2013, Sri Lanka exported 72 million dollars of natural rubber and 887 million dollar of rubber finished products.

“To arrive at this three billion dollars in a viable manner, it is essential for us to support our rubber farmers.” Rishad Bathiudeen Minister of Industry and Commerce of Sri Lanka said.

However experts say the rubber prices are not so conducive in the global market currently but will bounces back soon.

About 65 percent of the total planted rubber in Sri Lanka are owned by small farmers.

“Therefore for Sri Lanka, apart from country’s historic reputation for natural rubber, there is an important “socio-economic” reason to enhance this sector,” Bathiudeen said.

“It would also be useful for us to introduce re-planting assistance,”

“This could be funded by a temporary rubber cess, during times of high earnings from rubber exports.”

Bathiudeen said about 203 rubber plantation and rubber based industries are in Sabaragamuwa and Western provinces according to the recent data.

More than 10,000 rubber industry jobs are active in Western province with 815 new jobs have being created in 2013.

“It was also found there is a lack of skilled people in support services such as die and mould design and manufacturing,” Bathiudeen said.

“We found that training is needed to be provided for all job categories in both latex rubber sector and rubber product manufacturing sector.”

7RUBBER PRICE Empty Re: RUBBER PRICE Tue Sep 02, 2014 9:41 am

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Are you sure they put a fixed price for rubber? Any sorce?
on yesterday night news minister mentioned that they are planing to put a fixed price but I dont know they really done it. No updates on official website also. Last updated parice are mentioned below

Rubber prices as at 2014-08-28 00:00:00
Type Price Range Average Price Rs./Kg.
Latex Crepe No.1X unq - unq unq
Latex Crepe No.1 280.00 - 285.00 282.50
Latex Crepe No.2 270.00 - nom 270.00
Latex Crepe No.3 225.00 - 240.00 232.50
Latex Crepe No.4 205.00 - 212.00 208.50
Scrap Crepe (Brown) No.1 unq - unq unq
Scrap Crepe (Brown) No.2 unq - unq unq
Scrap Crepe (Brown) No.3 180.00 - 188.25 184.13
Scrap Crepe (Brown) No.4 171.00 - nom 171.00
Flat Bark unq - unq unq
Skim Crepe 171.00 - 175.25 173.13
Ribbed Smoked Sheet No.1 unq - unq unq
Ribbed Smoked Sheet No.2 unq - unq unq
Ribbed Smoked Sheet No.3 unq - unq unq
Ribbed Smoked Sheet No.4 unq - unq unq
Ribbed Smoked Sheet No.5 unq - unq unq

8RUBBER PRICE Empty Re: RUBBER PRICE Tue Sep 02, 2014 12:57 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@dougieboy wrote:If this is on rubber imports it is  one thing. Any link to the news ?

Price control locally is one thing, but selling to world market , we cannot control prices.


I am sorry i dont have a link. two years go I listen that news (Radio) some times our ministers lata patalenawa

apanayana kiyana ekata anayana kiyalath kiyanawa.

Samara wita mata patalennath athi

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