Sri Lanka rubber exports retains bounce on Coronavirus crisis
Sri Lanka’s rubber sector has got a bounce from Coronavirus with glove output sold out, the the demand for solid tyres in construction and logistics sectors abroad would drive the rest of the demand, an official said.
Surge in Demand
With production starting from mid-April factories were operating between 10 to 40 percent of capacity, Sri Lanka saw a surge in demand once the factories opened.
“At this time, we are seeing a pent-up demand because factories have just opened up and are moving goods out,” Sri Lanka’s Export Development Board Chairman Prabash Subasinghe told an online forum by Advocata Institute, a Colombo-based think tank.“So, for all the factories the priority right now is to get back into operation, some of them have been and some of them are getting back.”
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