Area
Sri Lanka
Commodity Group
Oilseeds, oils and meals
Commodity
Coconut products
Date
01/09/2017
Policy Category
Stocks
Policy Instrument
Market regulation
Description
Informed that public stocks of coconut would be released into the market in an effort to check fresh surges in domestic prices.
Notes
To check recent surges in domestic prices, coconut stocks owned by Sri Lankas State Plantation Corporation will be released into the market at a price of LKR 60 per nut (USD 0.39), the countrys 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).
