ECONOMYNEXT – Sri Lanka’s average coconut prices fell to 62,948 per 1,000 nuts at an auction on May 02, 2024 from 63,231 a week earlier, data from the Coconut Development Authority shows.
The highest price was 73,000 rupees for 1,000 nuts up from 72,200 rupees a week ago, while the lowest was down from 52,000 from 60,000.
Average coconut prices at the auction are down 17 percent from the last auction in December.
A total of 873,957 coconuts were offered at the auction and only 559,639 nuts were sold.
Wholesale prices were 95 to 110 rupees for large nuts and 85 to 90 rupees per small nut in the week to April 17, 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/May04/2024)