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Sri Lanka re-starts rubber auction from April 09, after Coronavirus curfew gap

ECONOMYNEXT – Sri Lanka has re-started rubber auctions on April 09, under rules specified by health authorities, where latex crepe was sold, the Colombo Rubber Traders Association said.

On April 09, 298,650 kilograms of Latex, Skim, Scrap Crepe were on offer. Latex Crepe 1X had traded at the highest price of 350 rupees per kilogram.

RSS grades were not quoted.

Brokers, traders and buyers were are asked by the CRTA to comply with the guidelines on COVID-19 preparedness for workplace (rubber auction) specified by Ministry of Health during grading of rubber samples and auctions.

Sri Lanka used to have two rubber auctions a week. The last auction took place on March 13. During curfew the auction will be conducted once a week. (Colombo/Apr10/2020)

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