ECONOMYNEXT – Sri Lanka’s average coconut prices fell to 63,231 per 1,000 nuts at an auction on April 2024 from 64,094.03 a week earlier, data from the Coconut Development Authority shows.
The highest price was 72,200 rupees for 1,000 nuts down from 72,100 rupees a week ago, while the lowest remained at 60,000.
A total of 811,217 coconuts were offered at the auction and only 360,531 nuts were sold as prices fell for the third week in a row.
Coconut prices are down 16 percent from the last auction in December 2023.
Wholesale prices were 95 to 100 rupees for large nuts and 85 to 90 rupees per small nut in the week to April 4, 2024.
Farmgate prices in Kurunegala was 72,000- 75,000 per 1000 nuts.
Coconut oil was 570,000 – 610,000 rupees per metric ton.
Coconut shells were 32,000 – 34,000 rupees per metric ton. (Colombo/Apr29/2024)