Shehan Meegama makes history as rubber prices tops Rs. 600

Sri Lanka saw the highest Rubber price ever to be recorded; at the Colombo Rubber Auction of Thursday January 6, held at the Ceylon Chamber of Commerce. It was a significant milestone as the price for Latex Crepe 1X reached the Rs 600.00 per Kg mark for the first time.

Shehan Meegama of John Keells PLC was able to make history when he obtained Rs 605.00 for a Latex Crepe 1X, manufactured by Eladuwa Estate managed by Namunukula Plantations Ltd. It was bought by Almar Trading Co. (Pvt) Ltd, one of the largest exporters of Rubber in Sri Lanka. John Keells had an outstanding sale being the only broker to obtain prices which surpassed the Rs. 600.00 mark at the auction, living up to its routine of obtaining the best prices, always.

(Source: http://print.dailymirror.lk/business/127-local/32254.html)