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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka rubber exporter hit by falling prices

Sri Lanka rubber exporter hit by falling prices

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LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Sep 09, 2013 (LBO) - Sri Lanka's Eastern Merchants, a rubber export firm said it lost 17 million rupees in the year to March 2013, from a profit of 105 million rupees a year earlier as world rubber prices dropped.
Revenues also dropped to 2.5 billion rupees from 4.6 billion rupees a year earlier.

"Our turnover was mainly affected due to sluggish sales of natural rubber, which is the main revenue generator of our Company," chairman J B L de Silva told shareholders.

"The US, EU and India are our key export markets for natural rubber and the fragile economic conditions in these markets led to reduced demand for the commodity."

"As traders, a sustained downward trend in rubber prices is far from ideal as you are compelled to release stocks at unfavourable prices to continue operations."

De Silva said the firm had cut stocks and become lean to escape the risk of volatile prices.

Global commodity prices, including, foods, energy and metals tend to collectively 'rise' as the US Federal Reserve for example prints money and the credit system transmits the monetary policy to the real economy debauching the inherent value of the currency.

Commodity prices tends to 'fall' as the underlying value of reserve currencies such as the US dollar or Euro rises, usually due to credit contractions which inhibit monetary policy transmission.

Individual commodities however can be further hurt by real demand and supply conditions.

Eastern Merchants said a fall in oil prices also made synthetic rubber cheaper, hurting demand.

"All the commodities that we trade in were impacted in one way or the Other," the company said.

"However, our core trading business is largely based on natural rubber and most of our exports are destined to the tyre industry which is strongly linked to the automobile sector."

The company said auto tyres accounted for 60 percent of the demand for natural rubber and sales of cars had dropped in key markets. Tyre demand in Europe had fallen to a seven year low.

Car sales in India had plunged 20 percent and listed Indian tyre companies had also performed badly.


http://www.lankabusinessonline.com/news/sri-lanka-rubber-exporter-hit-by-falling-prices/1110091454

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
රබර් අපනයන කරුවන්ගේ වසන්ත සමය නිමාවේ

පසුගිය කාලයේදී රබර් වලට ඇතමුන් කීවේ වයිට් ගෝල්ඩ් කියාය. ඒ තරමටම රබර් මිල ඉහළ ගියේය. නමුත්, මේ වනවිට ලෝක වෙළඳ පොළේ රබර් මිල ගණන් පහළ යාම නිසා මෙරට රබර් අපනයන සමාගම් අපහසුතාවයට පත්ව තිබේ.

මේ පිළිබඳව අදහස් දක්වමින් ඊස්ටන් මර්චන්ට්ස් නැමති මෙරටින් රබර් අපනයනය කරන සමාගම පවසන්නේ ලෝක වෙළඳ පොළේ රබර් මිල ගණන් පහළ යාම නිසා 2013 මාර්තු මාසයෙන් අවසන් වන මුදල් වසරේදී සමාගමට රුපියල් මිලියන 17 ක පාඩුවක් වූ බවයි.

ඊට ඉහත මුදල් වසරේදී සමාගම රුපියල් මිලියන 105 ක ලාභයක් වාර්තා කර තිබුණි.

මේ අනුව, පසුගිය මුදල් වසරේදී සමාගමේ ආදායම රුපියල් බිලියන 2.5 ක් දක්වා පහළ ගොස් තිබෙන්නේ රුපියල් බිලියන 4.6 ක මට්ටමක සිටයි.

ශ්‍රී ලංකාවෙන් රබර් මිලදී ගන්නා ප්‍රධාන වෙළඳ පොළවල් වන්නේ ඇමරිකාව, යුරෝපය හා ඉන්දියාව වන අතර මෙම රටවල ආර්ථිකයන් මුහුණදී තිබෙන අර්බුදකාරී තත්ත්වය නිසා රබර් සඳහා තිබෙන ඉල්ලුම පහළ ගොස් තිබේ.

මේ අතර, ඊස්ටන් මර්චන්ට්ස් සමාගම පවසා තිබෙන්නේ ලෝක වෙළඳ පොළේ ඛනිජ තෙල් මිල අඩුවීම නිසා කෘත්‍රිම රබර් මිල ගණන් අඩුවී තිබෙන බවත් එයද ස්වභාවික රබර් ඉල්ලුම අඩුවීමට හේතුවී තිබෙන බවයි.

මීට අමතරව, ස්වභාවික රබර් වලින් සියයට 60 ක් පමණම මෝටර් රථවල ටයර් නිෂ්පාදනය සඳහා යොදවන නිසා ප්‍රධාන වෙළඳ පොළවල මෝටර් රථ ඉල්ලුම පහත වැටී තිබීම ස්වභාවික රබර් ඉල්ලුම පහත වැටීමට හේතුවී තිබේ.

යුරෝපයේ ටයර් ඉල්ලුම වසර හතකින් වාර්තා වූ අඩුම අගයට වැටී ඇත. ඉන්දියාවේ මෝටර් රථ අලෙවිය සියයට 20 කින් අඩුවී තිබෙන අතර ඉන්දියාවේ ලයිස්තුගත ටයර් නිෂ්පාදන සමාගම්ද මේ වනවිට අර්බුදයක පැටලී සිටී.

http://www.vimasuma.com/new_full_story.php?subcatcode=2&newscode=1512673833

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