Sri Lanka coconut prices fell 5.4 percent at Thursday’s auction in Colombo, to 36,346 rupees for 1,000 nuts, after rising 3.7 percent to 38,428 a week earlier.
At this week’s auction in Colombo, 689,948 nuts were offered and 358,440 were sold.
Prices fell as slow as 30,723 on August 16.
Sri Lanka has also lifted a ban on the export of fresh coconuts from this month, authorities said.
Sri Lanka banned the export of fresh nuts after a drought hit global production driving coconut prices to record levels.
Global coconut prices have also come down.
Several countries are under tsunami threat after a powerful 8.7-magnitude earthquake struck Russia’s Kamchatka Peninsula.…
In response to recent media reports and rising public concern over a consignment of BYD…
Sri Lanka has been crowned the most beautiful island in the world, taking the top…
SriLankan Airlines has been crowned the ‘Best Airline for South Asia’ at the prestigious International…
The bodies of the Leader of the Opposition of the Yatinuwara Pradeshiya Sabah, his wife…
The Sri Lanka Railways Department has announced that eight special train services will operate for…
