The boom in rubber prices that producers enjoyed during the past 3 years has come to an end, and today the market experiences a continuous decline in prices.
Reports indicate that the price decline is mainly associated with global price decline as a result of oversupply and low demand.
However, during the past few days, rubber fetched relatively higher prices at the Colombo auction, compared to global prices as a result of adverse weather and low supply.
– hirunews.lk
