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Elpitiya Creates a Sri Lankan Record for the Highest Rubber Price

15 Feb

Hitting a record of Rs 700 for Latex Crepe 1X, Elpitiya Plantations PLC, managed by Aitken Spence, announced that invoice 55 – 2000 kilos of Latex Crepe 1X from Devitura Estate was sold at Rs. 700 per kilo at the weekly public auction organized by the Ceylon Chamber of Commerce on Tuesday the 15th of February.

It is the highest economy price ever recorded for Latex Crepe 1X rubber in Sri Lankan history. Elpitiya plantations can proudly state that Devitura Estate was the only Estate which had the power to reach the mark of 700. Broker JD &Sons (Pvt.) Ltd. successfully sold the rubber to Rajapaksha Trading (Pvt) Ltd at this rate which was considered to be the top price for the day.

Elpitiya Plantations PLC consist of 13 estates, situated in the Upper , Middle and Low country regions owned and managed by Aitken Spence Plantation Managements Ltd. These estates are cultivated with Tea, Rubber, Oil Palm, and Coconut.