Sri Lanka fresh coconut auction price up 0.2-pct

ECONOMYNEXT – Sri Lanka’s fresh coconut prices picked up 0.2 percent to 30,022.55 for 1,000 nuts at the weekly auction held in Colombo.

Sellers offered 1,232,834 nuts at the auction conducted by Sri Lanka’s Coconut Development Authority and 738,472 nuts were traded on February 07.

Industry officials said there was increased demand from desiccated coconut producers.

On January 31, fresh husked nuts fetched an average price of 29,958 rupees per 1000 nuts.

Sellers offered 1,258,664 nuts and 1,091,903 nuts were traded. (Colombo/Feb08/2019-SB)

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