date:Aug 22, 2018
Sri Lanka's fresh coconuts dropped with an average 30% to 30,793 rupees for 1,000 nuts (168,-) at the latest auction in August 2018 from a month earlier, amid a global fall in commodity prices and weak demand.
Industry sources said an export ban on fresh coconuts may be lifted to help boost farm gate prices. In July, the average price for coconuts were about 45,000 rupees (245,-).
At the August 16th auction, 1.3 million nuts were sold at the Colombo auction, with 1.7 million nuts being offered