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Last updateMon, 23 Oct 2017 8am

Business News

The maximum retail price of a coconut is to be maintained at 70 rupee

The government has taken steps to maintain the maximum retail price of a coconut at 70 rupees. Chairman of the Coconut Cultivation Board Kapila Yakandaawala says that a decision has been made, to make available in the retail market, 1 million nuts harvested in government owned coconut estates. He further stated that there is an unreasonable gap between the wholesale and retail price of coconuts. This price hike is not realistic. This topic was taken up for discussion at the cabinet meeting when the minister of plantations submitted a report pertaining to this issue to the cabinet.

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