Sri Lanka, March 5 -- Sri Lanka's rubber market experienced a price decline in January, with a notable reduction in the quantity offered at the public auction, according to the latest report from Forbes and Walker Commodity Brokers.
The total quantity of rubber offered at the auction dropped to 577,368 kilograms from 711,379 kilograms in January 2024. The decrease in supply comes amid several market challenges and shifts in demand patterns.
The top-grade LCR 1X fetched an average price of Rs. 925 per kilogram, while other grades saw declines. The average price for Latex Crepe No. 1 fell by Rs. 65 per kilogram, and the prices for No. 2 grades dropped by Rs. 28.75. Prices for No. 3 and No. 4 grades decreased by Rs. 11.25 and Rs. 70.75, resp...