Sri Lanka’s average coconut prices climbed 2.3 percent, rising from 82,616 rupees to 84,592 rupees per 1,000 nuts at an auction on July 18, according to the Coconut Development Authority.
These auction prices are now at their highest levels since March 2023. The highest recorded price was 90,200 rupees, down from 95,600 rupees per 1,000 nuts, while the lowest price was 76,700 rupees, up from 74,100 rupees.
At the auction, a total of 399,773 coconuts were offered, with 352,055 being sold. Wholesale prices ranged from 95 to 105 rupees for large nuts and 85 to 90 rupees for small nuts on July 11. Farmgate prices in Kurunegala were between 77,000 and 82,000 rupees per 1,000 nuts.
Additional commodity prices included coconut oil at 700,000 to 725,000 rupees per metric ton and coconut shells at 32,000 to 33,000 rupees per metric ton.