Rubber prices hit record high
Natural rubber prices have hit a record high and
are on the increase in global markets due to the surging demand in
Asia, high crude oil prices and resulting short supply and higher
price of synthetic rubber.
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30 coconut mills to resume production
Twenty to 30 coconut oil mills in the coconut
growing areas of the country are expected to recommence production
of coconut oil shortly, following the government's decision to
remove the 15 percent VAT on coconut oil produced.
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CEPA to be finalised by end 2006
The Comprehensive Economic Partnership Agreement
between India and Sri Lanka is expected to be finalised by the end
of this year. The CEPA was to be finalised at the end of last year
but due to several reasons including implementation issues of the
Indo Sri Lanka Free Trade Agreement and other issues it got delayed,
an official of the Commerce Department said.
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