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Last updateThu, 13 Sep 2018 10am

Local News

The Flying Squad of the Consumer Affairs Authority to continue raids against errant traders selling coconuts above the Control Price.

Chairman of the Coconut Cultivation Board, Kapila Yakandaawala states that the Maximum Retail Price of a Coconut is 75 rupees. The Wholesale Price ranges between 40 to 45 rupees. The Consumer Affairs Authority is currently conducting raids to nab errant traders involved in selling nuts for higher prices. He points out that the reason for the price hiking coconuts is due to retailers earning and excessive profit in the trade. The government has decided to import coconut kernels only until the present shortage of coconuts is resolved. The Consumer Affairs Authority says that 200 errant traders were nabbed selling nuts above the control price of 75 rupees. Legal action will be taken against them. The Flying squad of the Consumer Affairs Authority will continue carrying out raids.