Srilanka, Jan. 31 -- Sri Lanka earned US$ 930 million from the export of both raw rubber and rubber products in 2023.Out of that the major share, around US$ 900 million, came from the export of rubber products. In the same year, Sri Lanka was able to produce only 64 million kilograms of natural rubber compelling the industries to import more than 30 million kilograms of natural rubber to the country.

Foreign exchange outflow from the country for importation of the shortfall in raw rubber requirement is around US$ 50 million. But the country has the potential to save this foreign exchange loss from the country by becoming self-sufficient in its natural rubber requirement.

Mean monthly yield variation before and after CLSD impacting pro...