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Sri Lanka coconut prices down 3.2-pct at auction

ECONOMYNEXT- Sri Lanka’s average coconut prices fell 3.2 percent to 61,308.49 rupees for 1,000 nuts at the last auction held on September 08, official data showed.

The highest price was 74,200 rupees for 1,000 nuts down from 78,200 rupees, while the lowest was 51,500 down from 54,500 rupees, at the auction conducted by Sri Lanka’s Coconut Development Authority.

Buyers offered 1,309,247 nuts at the auction and sold 959,249.

Exports of coconut-based products have risen by 8 percent in January to July to 501.74 million dollars from 462.87 million dollars a year earlier, data show. (Colombo/Sep 10/2022)

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