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
Former Sri Lankan President fears revival of LTTE terrorism
-- [19 minutes ago]
Sri Lanka, China discuss streamlining defense cooperation
-- [6 hours ago]
Sri Lanka's judiciary is no longer politically influenced - President
-- [8 hours ago]
Northern Province Chief Minister says Sri Lankan government lacks will to help Tamils
Sri Lanka's Ceylon Hotels Corporation disputes report it failed to remit EPF payments
Sri Lanka CID investigates Rs. 40 million fraud at a commercial bank
Sri Lankan government to provide accessible facilities for voters with disabilities
Government to strengthen Sri Lanka's construction industry to provide quality service
Sri Lanka to cut debt, increase foreign reserves - Finance Minister
Sri Lanka inflation increases marginally to 0.2% in May 2015

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.