Sri Lanka coconut prices tumble for third week at auction

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Sri Lanka coconut prices tumble for third week at auction

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. Coc…