Sri Lanka Coconut prices continues to increase
ECONOMYNEXT- Sri Lanka’s average coconut prices grew 1.07 percent to 65,311.04 rupees for 1,000 nuts at the last auction held on Thursday August 18, official data showed.
The highest price was 71, 200 rupees up from 62,900 rupees in the last auction for 1,000 nuts, while the lowest was 58,000 also up from 57,000 rupees, at the auction conducted by Sri Lanka’s Coconut Development Authority.
Buyers offered 1,061,961 nuts at the auction and sold 589,239.
Exports of coconut-based products have risen by 12 percent in January to June to 434.48 million dollars from a year earlier, data show. (Colombo/Aug20/2022)
