By Dianne Silva
The price obtained from rubber production has doubled from year 2009 to 2010, according to the Ministry of Plantation Industries.
“The price of one Kg of rubber on average in 2009 was Rs.202.79 but in 2010 it was Rs. 402.75,” Minister of Plantations industries Mahinda Samarasinghe said.
He said rubber production had also increased from 137,000 metric tonnes in 2009 to 150,000 metric tonnes in 2009. In certain instances the price goes up to Rs. 570 or 580, he added.
However the Minister was unclear on the figures of how much loss the industry incurred due to the inclement weather conditions in the past months. He stated that at present demand overrode the necessary supply and expressed his hope that local produce could fulfill the total requirement needed for the production of value added rubber products.
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