rubber prices in sri lanka 2020

For comparison, the average price of gasoline in the world for this period is 241.48 Sri Lanka … Income from rubber finished product export is $ 864.4 million (Rs. 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). Only RSS 01 rubber type has been submitted for this year's Rubber auction. […] Read More Yamaha Bike Price in Sri Lanka. 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. Unfortunately, currently all types of rubber fertiliser is out of stock in Sri Lanka causing a major problem for planters. However, over the last 10 years or so, the COP for producing field latex has been rising steadily. On such days, the tappers earn more than double the normal daily wage. Tillekeratne in an article titled ‘Impact of declining rubber production to the economy’ published in the Daily News of 7 December 2019, gives a less upbeat impression about the industry. While Sri Lanka’s current market share of the global rubber product market is 0.27%, the … Economic and Financial Reports ... Daily Price Report - 31 December 2020. Hence, daily intake could vary a lot, say from a low of around 3 kg to 10 kg per day. The average value for Sri Lanka during that period was 161.00 Sri Lanka Rupee with a minimum of 161.00 Sri Lanka Rupee on 21-Sep-2020 and a maximum of 161.00 Sri Lanka Rupee on 21-Sep-2020. Dias is a strong advocate of an honest appraisal of the industry, but insists that such an exercise should include representatives from the grass roots and that it should not be a top down appraisal involving only large plantations owners, industry leaders and senior government officials. This practice was mutually beneficial for tappers as well as for the estate owners. Subasinghe had stated then, in early 2018, the industry could be worth $ 3 billion by 2020 if certain interventions suggested were implemented. 152 billion). Subasinghe had stated then, in early 2018, the industry could be worth $ 3 billion by 2020 if certain interventions suggested were implemented. On these fields also reaching their tapping stage, they would get added on to the category of abandoned mature fields mentioned above, thus aggravating this problem even further. Rubber Research Institute former Executive Director Dr. L.M.K. It has reached a point where the three major stakeholders of this business, namely, owners, workers and supervisors, are feeling very frustrated and not very motivated. 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. The Tea Exporters Association was incorporated to promote and protect the common interests of members who are engaged in tea exports. View Gold Prices. I know that Dunhill is around 1,400/20 and Gold Leaf is 1300/20. 110, Kumaran Rathnam Road Colombo 02 Sri Lanka. The long term aim had been stated as a $ 4.4 billion industry by 2025. Samsung Galaxy Tab A7 10.4 (2020) is a new tablet by Samsung, the price of Galaxy Tab A7 10.4 (2020) in Sri Lanka is LKR 46,540, on this page you can find the best and most updated price of Galaxy Tab A7 10.4 (2020) in Sri Lanka with detailed specifications and features. The Government has also made profits from agriculture tax free, but this is however a less of an attraction in these days when profits are so hard to make. - {{hitsCtrl.values.hits}}. Find the best Bajaj Pulsar bike price in Sri Lanka on pricelanka.lk website. In major rubber producing countries, many tappers commence work as early as 3 a.m. in the morning, wearing flash lights on their caps. Firstly, the shortage of rubber tappers and the declining numbers of younger persons in rubber tapping. 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. If the appraisal is limited to a five-star hotel summit, truth will be the casualty and with it, the future of the industry. This is when a tapper taps more than one block of trees allocated to him/her within the same day. In addition to the type of fields mentioned in 2.) Raw Rubber Process Development & Chemical. Dark clouds have been hovering over rubber estates for some time now. Log into your account. 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. In it he says, Natural rubber production in Sri Lanka is declining at an alarming rate from 155,000 Mt produced in 1967 to 82600 Mt last year. T: +94 (0)11 21 31 800 F: +94 (0)11 21 31 777 E: info@dsi.lk (General) Webmail Rubber Research Institute of Sri Lanka is the oldest research institute on rubber in the world and is the nodal agency in Sri Lanka with the statutory responsibility for research and development on all aspects of rubber cultivation and processing for the benefit of the rubber industry. 300 in March 2020. The second category is the estate sector, owned by private individuals and companies with less than 50 acres in extent. 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. Billions of rupees spent on this activity by RDD may not provide the desired results, until the question of the tapper shortage is satisfactorily resolved. Silver Prices. Finally, the importation of raw rubber from countries with a lower cost of production, although understandable from the point of view of the profitability of local value adding industries, is basically hastening the death of the local raw rubber industry. RUBBER PRICES FROM RUBBER DEVELOPMENT DEPARTMENT OF SRIL LANKA. To revitalize the rubber sector by developing economically and environmentally sustainable innovations and transferring the latest technologies to the stakeholders through training and advisory services. Sri Lanka is attempting to sustain economic growth while maintaining macroeconomic stability under the IMF program it began in 2016. 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. Some planters may be waiting for glory days of 2011 to return, when rubber prices skyrocketed. 4.8 billion comes from the export of raw rubber particularly in the form of latex crepe rubber. Unfortunately, this has not been possible in rubber plantations. In assessing the status of the rubber industry in Sri Lanka, it is worthwhile noting different narratives that have been presented to describe its status and its future direction and potential to increase foreign exchange earnings. In the past, tappers used to do a certain amount of double tapping during cropping months. Mature rubber has to be fertilised at least once a year to maintain high productivity levels. Heavy rains and lack of suitable weedicides such as glyphosate have become a big headache for estates. The third and the last option would be to sell the land. Bullion Prices Gold Prices. Sri Lanka aims to make the rubber sector a 3.0 billion US dollar industry in 2020. The last boom period for rubber was around 2011, when the price of RSS 1 went beyond Rs. No. Rubber Development Department has announced the Rubber prices in Colombo Rubber auction yesterday (17). Platinum Prices. Small estates basically have only two options in marketing their produce. a. Sri Lankan rubber plantations mainly consist of many small holders as well as bigger rubber plantations that are managed by well established companies. In such a situation, it may be better to temporarily stop the replanting program for a few years and increase the level of subsidy for existing fields. Apr 17, 2020 - New Bajaj Pulsar 150 Price Starts at LKR 350,950/- in Sri Lanka. The turnover of Sri Lanka’s rubber industry currently stands at approximately US$1 billion. Such incidence will also reduce the yield in terms of kg of field latex collected per tapper. Rubber plantations in Sri Lanka generally fall into three key categories. Last year, 135,000 Mt of raw rubber and latex have been consumed by the local products industry while the total production of raw rubber in the country was only 82600 Mt. The Rubber Development Department (RDD) offers tapper training programs, but it is very difficult to find any persons who are interested in undergoing tapper training and getting recruited as a tapper. Most tappers are over the age of 60 and none of their children are interested in being a tapper. For comparison, the average price of electricity in the world for that period is 0.142 U.S. Dollar per kWh for households and 0.127 U.S. Dollar for businesses. Posted on August 16, 2020 August 16, 2020 . Secondly, the high cost of production arising from guaranteed minimum wages and plantation upkeep costs without commensurate prices for raw rubber that are needed to keep plantations, especially the small to medium ones, afloat. Find the New Vehicle Price in Sri Lanka. Laptop Charger Price list in Sri Lanka as on 31st December 2020. Singer Mobile Phone Prices in Sri Lanka 2020. Available data shows that in India, Myanmar, Vietnam and Malaysia, the average harvest is around 1,000-1,500 Kg. Silver Prices. Rubber industry in Cambodia and Myanmar was developed with the expert assistance given by Sri Lankan scientists. He questions the need for more trees if they cannot be tapped. your username. Besides tapping, the next biggest item of cost is to keep fields free of weeds. If earnings are linked to productivity, it may even attract a new breed of tappers not unlike some coconut pickers today who are younger, more mobile and who are very efficient at what they are doing. Sri Lanka with over 140 years’ history as the pioneer rubber grower in the world outside South America, was in the fourth place in the world as a NR producer in late 1960s has already fallen down to the 12th position, overtaken by countries entered into growing rubber much later, such as Vietnam, Cambodia and Myanmar. This is low in comparison to the potential harvest with trees cultivated at a density of 375 per hectare (150 per acre), of approximately 2,500 kg of rubber per hectare per year as noted in the Encyclopaedia Britannica. Presidential Election 2019 Parliamentary election 2020. This is mainly because most tappers are now getting to be very old and find it difficult to do even single round of tapping. The global rubber industry has always been concerned over the fluctuating supply and spiralling prices of natural rubber (NR). These points are examined in more detail later in the article. 250 Rupees marks as Price of 01 kg RSS 01 rubber type in this auction. Media Minister Gayantha Karunatillake said about 80 percent of natural rubber grown in the island is consumed by domestic industrialists and the rest exported. above, many estates also have new clearings that are still immature. If rubber lands harvested with stimulation based low intensity harvesting systems are facing severe leaf fall due to Pestalotiopsis leaf disease, take advice on ethephon application. Normally natural rubber tends to do well when the global economy is doing well. Another reason why the number of taped trees are so low is because many trees within a tapping block are not tapped, either deliberately or because they don’t yield any latex due to some disease. 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. d. More research and development is needed to explore possibilities of developing trees that produce higher yields in a shorter period of maturity. The underlying theme of the appraisal should be how the raw rubber industry could support the Government’s overall policy of import substitution and shifting the focus to value-adding industries. e. If Sri Lanka were to increase its value adding rubber related industries, there will be far greater reliance on imported raw rubber to do this as local production may be insufficient or non-existent. The number of kg produced usually depend on many factors such as; age and clone of the tree, tapping panel. ABOUT US. Rubber tappers will be even harder to find in years to come, and unless there is a practical long term plan to arrest this decline, the raw rubber industry could become a nostalgic experience of the past. 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. Gold Price History in Sri Lanka Rupees (LKR) for November 2020. 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. Contact Info. The second option would be to grow tea or any other alternative crop. Even from this low number of tapping days, high absenteeism among tappers will further reduce the number of actual tapping days. Bullion Prices Gold Prices. One would be to increase productivity, but doing so against the many head winds described above looks a daunting task, without any major policy changes. However, experience shows that it is not a complete answer, as weeds tend to return with a vengeance after use of the bush cutter. In days gone by, most estates had its own factory and a smokehouse to produce rubber sheets, but this practice has now come to an end in many estates. Prices in Sri Lanka This country had 1859 entries in the past 12 months by 149 different contributors. In April and May 2020, there were no prices recorded for RSS 1 at all, and this led to a situation where smallholders got rather a raw deal for their rubber latex sold during these two months. Find the best Suzuki bike price in Sri Lanka on pricelanka.lk website. 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 reflects year-on … Answer 1 of 3: Good Day, Would greatly appreciate if someone could give me current prices of cigarettes in Sri Lanka. The raw rubber producing industry is on a steep decline and may not last long unless wages are linked to productivity. While some of these factors are within the control of the tapper, some aren’t. 350.00 whereas RSS grades which are used for tire manufacturing were not even quoted. Find the Brand New Yamaha FZ Price in Sri Lanka 2020. 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.”. Menu. 2015-07-27. However, not many are interested in buying rubber lands at a time when rubber prices are so low. Besides, the new land fragmentation law is also not very helpful in transforming rubber land into any non-agricultural projects. 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. The latest TG-FTIR instrument has been... Ministry of Plantation Industries & Export Agriculture, National Institute of Plantation Management. ... in the rubber sector in Sri Lanka. Rubber Prices; Contacts Us. Use of heavy machinery have played a big role in lowering the cost as well as the speed of preparing new rubber fields. He says Rubber estate owners have no pricing pressure and have to accept what the local market offers them. An attempt is made here to describe some of the technical and management issues facing the estate sector in particular. Among other reasons, fluctuating demand, and consequent drop in prices for raw rubber coupled with a high cost of production arising from minimum wages and upkeep of plantations, under development of value adding industries, the importation of raw rubber for the few value adding industries from countries where production costs are lower, appear to be some of the underlying causes for the decease. Whether this situation would change if there is large scale unemployment due to the coronavirus is left to be seen. With low prices, plantations which are unable to maintain this average at least above six kg/tapper may get into much difficulty very soon. Rubber is a commodity, and hence its price in the world markets moves in cycles. Really struggling to find prices for navy cut, Bristol and capstan. It has a good correlation with GNP of developed countries, particularly that of USA and China. (Dr. Tillekaratne’s full article may be access via https://www.dailynews.lk/2019/12/07/features/205019/impact-declining-rubber-production-economy). Headquarters. One of the ways in which the COP could be lowered is by simply producing more latex from the stock of trees under tapping. This is to capitalise on higher yields that result in tapping very early in the morning. 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. He also questions the policy of giving subsidies for replanting rubber trees when the issue relating to rubber tappers have not been considered. This program has been active for many years, but it appears that results have not been very encouraging. Daily Price Report - 28 December 2020. In the first category are the large lands running into thousands of acres managed by plantation companies that received land under land reforms. This is a big financial loss for the owners, the Government and is a big waste of valuable resources. 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. This is because about 80% of the COP accounts for labour and has risen very significantly in recent years. It is unlikely that this target has been achieved. The Central Bank of Sri Lanka Further Reduces the Statutory Reserve Ratio. 12200; 034 - 2247426, 034 - 2247383; 034 - 2248459, 034 - 2295540; 034 - 2247427 Friday, 19 June 2020 00:00 To emerge as the centre of excellence in providing high quality scientific technologies to the rubber industry. Daily Price Report - 30 December 2020. The RDD funds a program to provide RGs covering a very substantial part of the cost of fixing RGs. You can compare these prices with other phones stores before purchase a mobile phone . Designed & Developed by, Raw Rubber Process Development & Chemical Engineering, Do not kill the goose: there is no such thing called “Golden Eggs”. The biggest blow to the economy came from the terrorist attacks on the country’s main airport on 24th July 2001. Of course harvesting will be affected on account of the terrain of plantations. So their financing costs are usually low or non-existent. Jan 21, 2020 - New Suzuki Gixxer 250 Price Starts at LKR 764,900/- in Sri Lanka. According to ICRA Lanka’s econometric modeling, Sri Lanka would have grown by 4.7% in 2001 in the absence these shocks. 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. Find the New Vehicle Price in Sri Lanka. 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