Sri Lanka coconut auction sales volume down

ECONOMYNEXT – Volumes sold at Sri Lanka’s weekly coconut auction in Colombo fell to 591,003 nuts at the auction on September 12 in Colombo, down from 912,537 nuts a week earlier.

The coconuts sold for prices between 20,000 rupees to 24,100 rupees per thousand nuts. The average price was not released.

This week 2,263,235 nuts were offered at the auction.

Last week 2,571,455 nuts were offered at 912,537 nuts were sold at a range of 20,000 to 24,900.

The average price was not published. The main buyers at the auction are dessicated coconut millers.

Sri Lanka’s coconut output is estimated to have rise 27.5 percent to 1.843 million nuts in the seven month to July 2019 from a year earlier. (Colombo/Sep16/2019)