Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka to introduce a certified price for rubber
Tue, Sep 2, 2014, 08:40 pm SL Time, ColomboPage News Desk, Sri Lanka.

Sept 02, Colombo: Sri Lanka Minister of Plantations Industries Mahinda Samarasinghe said that the government has taken steps to introduce a certified price for rubber.

The Minister said the government has decided to pay the difference between the certified price and the actual market price in case the actual price is lower than the registered price.

Accordingly, the difference is to be paid to the rubber grower.

The Minister pointed out that the price of rubber has gone down internationally and the local price has also decreased due to that reason.

He rejected allegations that the price drop is due to importing rubber latex. He said that only the essential amount of latex is imported and 75 percent of the local rubber harvest is used for production industries locally.

The Minister also said that rubber cultivation has been introduced in new districts as well to increase the production to be sufficient for the local consumption.

ColomboPage - Recent 10 Stories
Sri Lanka 2015 Budget highlights
-- [3 hours ago]
UN recognizes post war progress in Sri Lanka, works with government to resolve reconciliation issues
-- [4 hours ago]
Former Power and Energy Minister of Sri Lanka clears himself of Rs. 1.5 billion fraud in coal purchase
-- [5 hours ago]
New secretary to Sri Lanka Sports Ministry assumes duties
-- [5 hours ago]
Commonwealth Secretary-General to visit Sri Lanka tomorrow
-- [6 hours ago]
Murali Harmony Cup 2014to launch on 29 October in Sri Lanka's North
-- [7 hours ago]
President presents Sri Lanka's next year budget promising relief for all sectors
-- [8 hours ago]
Sri Lanka's 2015 budget focused on long term development - Central Bank Governor
Sri Lanka joins China-led Asian Infrastructure Investment Bank
Sri Lanka hires eighth lobbying firm in the US

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.