Economics

Sri Lanka’s coconut prices continued to rise in June

  • Average Price Increase: 1.5% to 77,314 rupees per 1,000 nuts at the June 13th auction.
  • Overall Increase: 20% increase compared to May prices.
  • Price Range: Highest price was 86,200 rupees per 1,000 nuts, lowest was 66,000 rupees.
  • Wholesale Prices: Large nuts – 95-110 rupees, Small nuts – 85-90 rupees (per nut, week ending June 13th).
  • Farmgate Prices (Kurunegala): 72,000-75,000 rupees per 1,000 nuts.
  • Other Coconut Products:
    • Coconut Oil: 570,000-610,000 rupees per metric ton.
    • Coconut Shells: 32,000-34,000 rupees per metric ton.

This data suggests a positive trend for Sri Lanka’s coconut industry. It would be helpful to monitor future trends to see if this increase sustains.