Sri Lanka’s Coconut Development Authority (CDA) will be granted expanded powers to regulate the quality of imported edible oils, including coconut and palm oil, according to a recent government statement. This decision was made following a proposal by Minister of Plantations, Mahinda Amaraweera, which received Cabinet approval. The move aims to protect the domestic coconut
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
Sri Lanka’s average coconut prices fell by 4.6% to 79,599 rupees per 1,000 nuts at the July 4 auction, down from 83,443 rupees, ending seven weeks of gains, according to data from the Coconut Development Authority. A total of 822,889 coconuts were offered, with 773,377 sold. Prices Overview: