ECONOMYNEXT – Sri Lanka’s coconut prices soared 10.4 percent to 71,081 per 1,000 nuts at an auction on May 22, with prices rising for the third straight week, data from the Coconut Development Authority shows.
Coconut prices have risen 12.9 percent over the past three weeks.
The highest price was 80,100 rupees for 1,000 nuts, up from 74,100 rupees a week ago, while the
lowest was 62,500 up from 55,000
A total of 392,995 coconuts were offered at the auction and 306,490 nuts were sold.
Wholesale prices were 95 to 110 rupees for large nuts and 85 to 90 rupees for small nuts in the week
to April 17.
Farmgate prices in Kurunegala were 72,000-75,000 per 1,000 nuts.
Coconut oil was 570,000–610,000 rupees per metric ton.
Coconut shells were 32,000–34,000 rupees per metric ton. (Colombo/May22/2024)