Working Group on Natural Rubber Price Stabilisation holds third meeting

Thursday, 25 August 2016 00:00 - - {{hitsCtrl.values.hits}}

The third meeting of the Working Group on Natural Rubber Price Stabilisation appointed by the Association of Natural Rubber Producing Countries (ANRPC) was held in Colombo recently.

Minister of Plantation Industries Navin Dissanayake met the ANRPC Secretary General and members of the Working Group at a dinner hosted at Hotel Taj Samudra, Colombo. Ministry of Plantation Industries Secretary Upali Marasinghe and Minister of Plantation Industries Adviser Lakna Paranawithana were also present.

The Minister discussed the issue of prevailing low rubber price with the officials of ANRPC and requested them to devise a sustainable mechanism to alleviate the problems of rubber smallholders. They agreed to submit a report containing their recommendations to respective governments after obtaining the approval from the Executive Board of the ANRPC.

At present, all the rubber producing countries are facing the issue of low rubber price which affects millions of vulnerable people. In September, another workshop will be held in Sri Lanka under the aegis of the International Rubber Research & Development Board and the Sri Lanka Rubber Research Institute to identify effective coping mechanisms for low rubber prices.

Once all the recommendations are received, an action plan will be formulated by the Ministry of Plantation Industries to be implemented to bring relief to rubber producers.