AreaSri Lanka

Commodity GroupOilseeds, oils and meals

CommodityCoconut products

Date01/09/2017

Policy CategoryStocks

Policy InstrumentMarket regulation

DescriptionInformed that public stocks of coconut would be released into the market in an effort to check fresh surges in domestic prices.

NotesTo check recent surges in domestic prices, coconut stocks owned by Sri Lanka’s State Plantation Corporation will be released into the market at a price of LKR 60 per nut (USD 0.39), the country’s Coconut Cultivation Board informed. Reportedly, also freshly procured coconuts will be distributed. According to a market survey, in September, the price for a single coconut climbed to LKR 100 (USD 0.65).