Friday July 19, 2019

Sri Lanka's coconut prices steady, export ban lifted

Sep 21, 2018 11:52 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka coconut prices fell 5.4 percent at Thursday's auction in Colombo, to 36,346 rupees for 1,000 nuts, after rising 3.7 percent to 38,428 a week earlier.

At this week's auction in Colombo, 689,948 nuts were offered and 358,440 were sold.

Prices fell as slow as 30,723 on August 16.

Sri Lanka has also lifted a ban on the export of fresh coconuts from this month, authorities said.

Sri Lanka banned the export of fresh nuts after a drought hit global production driving coconut prices to record levels.

Global coconut prices have also come down. (COLOMBO, 21 September 2018)



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