The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Stretched rubber traders call for Govt. support EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Stretched rubber traders call for Govt. support EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Stretched rubber traders call for Govt. support EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Stretched rubber traders call for Govt. support EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Stretched rubber traders call for Govt. support EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Stretched rubber traders call for Govt. support EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Stretched rubber traders call for Govt. support EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Stretched rubber traders call for Govt. support EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Stretched rubber traders call for Govt. support EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Stretched rubber traders call for Govt. support EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Stretched rubber traders call for Govt. support EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Stretched rubber traders call for Govt. support EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Stretched rubber traders call for Govt. support EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Stretched rubber traders call for Govt. support EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Stretched rubber traders call for Govt. support EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Stretched rubber traders call for Govt. support EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Stretched rubber traders call for Govt. support EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Stretched rubber traders call for Govt. support EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Stretched rubber traders call for Govt. support EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Stretched rubber traders call for Govt. support EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Stretched rubber traders call for Govt. support EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Stretched rubber traders call for Govt. support EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Stretched rubber traders call for Govt. support EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Stretched rubber traders call for Govt. support EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Stretched rubber traders call for Govt. support EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Stretched rubber traders call for Govt. support EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Stretched rubber traders call for Govt. support EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Stretched rubber traders call for Govt. support EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Stretched rubber traders call for Govt. support EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Stretched rubber traders call for Govt. support EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Stretched rubber traders call for Govt. support EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Stretched rubber traders call for Govt. support EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Stretched rubber traders call for Govt. support EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Stretched rubber traders call for Govt. support EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Stretched rubber traders call for Govt. support EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Stretched rubber traders call for Govt. support EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Stretched rubber traders call for Govt. support EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Stretched rubber traders call for Govt. support EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Stretched rubber traders call for Govt. support EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Stretched rubber traders call for Govt. support EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Stretched rubber traders call for Govt. support EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Stretched rubber traders call for Govt. support EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Stretched rubber traders call for Govt. support EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Stretched rubber traders call for Govt. support EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Stretched rubber traders call for Govt. support EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Stretched rubber traders call for Govt. support EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Stretched rubber traders call for Govt. support EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Stretched rubber traders call for Govt. support EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Stretched rubber traders call for Govt. support EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Stretched rubber traders call for Govt. support EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker


3 posters

    Stretched rubber traders call for Govt. support

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Stretched rubber traders call for Govt. support Empty Stretched rubber traders call for Govt. support

    Post by First Guy Mon Jun 15, 2015 7:29 am

    * Urges removal of export cess of Rs. 15 per kilogram and granting relief to exporters
    * Says continual price declines a major concern
    * Adverse weather conditions in 2014 halt total production at 98,570 tonnes

    By Charumini de Silva

    The Colombo Rubber Traders Association (CRTA) called on the Government to re-evaluate industry policies in the wake of reduced production and weak international demand.
    CRTA Chairman M.S. Rahim said the export cess of Rs. 15 per kilogram levied by the Government had largely contributed to making export prices to niche world markets unattractive, leading to a decline in exports of thick pale crepe, scrap crepe, sole crepe and TSR.

    Pointing out that Sri Lanka was the only producer of these grades, Rahim urged the Government to remove the cess and grant relief to exporters when world markets were facing difficulties due to slow demand.

    Rahim made these remarks while addressing the 96th Annual General Meeting of CRTA in Colombo recently.
    He went on to say that as recognised premium grades of rubber, these were not consumed by local rubber product manufactures as input in their products. He added that the imposition of export cess on these grades had not reached its objective of encouraging increased consumption in value-added products for export.

    In view of the drastic decline in prices, a guaranteed price of Rs. 300 per kilogram for all grades of RSS was offered to rubber smallholders from 15 November 2014 to January 2015 via a scheme implemented by Rubber Development Department (RDD).


    However, with the Government change in January 2015 they decided to pay a guaranteed price and introduced a scheme to support the smallholders that produce bulk of RSS rubber. It was granted Rs. 350 for RSS1, Rs. 325 for RSS 2/3 and Rs. 300 for RSS 4/5.
    Rahim explained that the new guaranteed price greatly benefited smallholders.

    “As smallholders produce the majority of RSS 3, 4 and 5 they can receive the subsidy based on the difference in price achieved at local auctions held at the Ceylon Chamber of Commerce (CCC). Thereby, they achieve a maximum price of Rs. 300, which will be most profitable and well above world market prices,” he added.

    Pointing out that this new scheme had created inequality in the industry he said: “Unfortunately, plantation companies and large estate owners were exempted from this subsidy; despite the fact that they produced good quality RSS 1, 2 and 3.”
    Due to the adverse weather conditions that prevailed during 2014, there was a drastic drop in production. The year ended with a total production of 98,570 tonnes.

    Commenting on the price declines, he said: “At the beginning of January 2014 latex crepe no.1X obtained Rs. 410, while RSS1 fetched Rs. 345 per kilogram. However, by the end of January prices dropped sharply to Rs. 310 for latex crepe no.1X and Rs. 278 for RSS 1. Thereafter, prices continued to drop further to Rs. 295 for latex crepe no.1X while RSS 1 dropped to its lowest Rs. 250 at the end of 2014.”


    http://www.ft.lk/article/433199/Stretched-rubber-traders-call-for-Govt--support
    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    Top contributor
    Top contributor


    Posts : 9679
    Join date : 2014-02-23
    Age : 66
    Location : රජ්ගම

    Stretched rubber traders call for Govt. support Empty Re: Stretched rubber traders call for Govt. support

    Post by කිත්සිරි ද සිල්වා Mon Jun 15, 2015 9:02 am

    Thanks FG.
    With over supply of both, oil & rubber, the situation is not going to get any better any time soon.
    (Good that I opted for Cinnamon ISO Rubber). Very Happy
    avatar
    yellow knife
    Top contributor
    Top contributor


    Posts : 6980
    Join date : 2014-03-27

    Stretched rubber traders call for Govt. support Empty Re: Stretched rubber traders call for Govt. support

    Post by yellow knife Mon Jun 15, 2015 11:06 am

    At the moment all rubber related manufacturing will be profit making.. When the raw material cost go down and  selling price remain profit go up.. That will be seen in Tyre. Dipped.. and Rexp..

    But the real problem is will the rubber planter continue to live at a loss? If so will not SL rubber planter reduce supplying the quantity making the rubber related product manufacturers life miserable?

    Sponsored content


    Stretched rubber traders call for Govt. support Empty Re: Stretched rubber traders call for Govt. support

    Post by Sponsored content


      Current date/time is Sun Dec 15, 2024 12:29 am