Sri Lanka Brodcasting Corporation

Fri12152017

Last updateThu, 14 Dec 2017 9pm

Business News

A special discussion to be held to negotiate the price hike of coconuts.

The Coconut Cultivation Board focuses its attention on the recent price hike of Coconuts. Chairman of the Board Kapila Yakandawala states that a special discussion will be held tomorrow to determine the future measures that need to be taken to control prices. He further states that the present market price of coconut is unreasonable since the coconut plantation industry and affiliated industries do not benefit from these high prices. It is only the middlemen who reap the benefits. As of yesterday, the wholesale price of a nut was 49 rupees while the retail price was 75 rupees. This price gap is totally unjustifiable. He further stated that he has deployed his officials to identify businessmen who sell coconuts at exorbitant prices.

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