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‘Business facility unit’ to expand Sri Lanka’s coconut market globally

ECONOMYNEXT – Sri Lanka’s Coconut Development Authority (CDA) will set up a business facility unit at the Coconut Processing Research Division to mark the International Coconut day, a CDA statement said.

With the new unit, the CDA plans to expand Sri Lanka’s market for coconut-based products internationally, the statement added.

The CDA also plans to launch a ‘Coconut App’, a mobile application that will incorporate the CDA and extension services. A newly developed coconut variety is to be introduced, along with a standard logo for high quality coconut oil, and a repellent for red beetle species that invade coconut plantations.

The CDA is set to celebrate the international coconut day on September 2 at the Lunuwila Coconut Research Institute with the participation Minister of Plantation Ramesh Pathirana and State Minister of Coconut, Kithul, Palmyrah, Rubber Cultivation Promotion and Related Industrial Products Manufacturing and Export Diversification Arundika Fernando.

An event to evaluate the highest foreign exchange earning exporters from a coconut based manufacturing company in 2019 will also be held on the same day, the CDA said.

Under the ‘Coconut Development Week’ project in parallel to the International Coconut Day celebrations, the CDA has initiated a series of programs connected with the development and extension of coconut cultivation.

The program includes the planting of coconut saplings in premises of government institutions, temples and other places of worship, and coconut cultivation development programs for farmers, mobile coconut sapling marketing programs, farmer meetings and field programs.

In Sri Lanka coconut prices have picked up steadily from an average of 38,215 when auctions resumed on April 09 after a break due to the coronavirus crisis. However, coconut production was estimated to have dropped 12.6 percent to 679 million nuts in the first quarter of 2020 from a year earlier. (Colombo/Aug26/2020)

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