By Nisheni Atapattu
ECONOMYNEXT – Sri Lanka’s coconut auction volumes dropped to 21,569 nuts, with 89,687 nuts offered, recording an all time low at this week’s auction, Coconut Development Authority data showed.
The auction was conducted at a fixed price of 140,000 rupees for a thousand nuts for the fourth straight week on February 13.
It is uncertain why all the nuts offered were not bought at the auction.
Last week 177,362 nuts were offered, down and 173,007 nuts were sold.
Volumes offered at the auction have moved down after a fixed price of 140 per nut was agreed.
Wholesale prices of a nut were listed at 200-210 rupees for a large nut and 180-190 rupees for a small nut in the local market on January 13.
Coconut oil local wholesale price was 830,000 to 850,000.00 rupees per metric ton.
Coconut shells were 50,000 to 51,000 rupees per metric ton.
Coconut shell charcoal was 178,000 per metric ton.
