India gains from SL coconut ban

22 February 2011 10:08 am - 8 - {{hitsCtrl.values.hits}}

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India’s coconut exports have increased by 30 per cent this year, triggered by the export ban on shipments of the produce by Sri Lanka. The Indian Coconut Development Board (CDB) is expecting an export growth of 30 per cent this year over last year.

During the last couple of months, the export of fresh coconuts from India to Middle East has increased considerably, they said, adding previously Sri Lanka was the main exporter of fresh coconuts to Middle East.

“Now their (Lanka) domestic price is much higher than our domestic price,” the sources said, adding the supply constraints in other major coconut countries like Philippines, Indonesia, Thailand, and Malaysia are also working in favour of India’s surge in exports.

Sri Lanka has imposed ban on coconut export possibly to control local prices of the product and fullfill domestic requirement of coconut oil, CDB’s Chief Coconut Development Officer Thomas Mathew told PTI over the phone from Kochi.

Sri Lanka has been the main competitor to India in the export of coconut and its products, but exports from Lanka have been hit by a sharp shortfall in production and the island nation’s loss has turned out to be India’s gain.

He said the coconut crop in Sri Lanka has been affected by disease and floods.

-The Hindu-

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Comments - 8

KIRI PUTHA Tuesday, 22 February 2011 10:25 AM

hah hah haaaa. Ceylon Coconut Board (CCB) expecting an IMPORT growth of 99 per cent this year over last year.

Anushka Tuesday, 22 February 2011 10:38 AM

There was a time when tea, coconut, and rubber were the main export crops.... Now do we export anything other than tea?

Konde bendapu china Tuesday, 22 February 2011 10:50 AM

Ekath Ehemada

C0bra Tuesday, 22 February 2011 10:54 AM

And someone over here is going to gain from the cutting down of some 500 coconut trees that probably could be saved!!!!!

Maru Sira Tuesday, 22 February 2011 12:17 PM

After war victory, lot of things have gone wrong for us.

Harsha de Silvana Tuesday, 22 February 2011 12:42 PM

In a not too distant future SL would also begin to import tea...bet you

Perera Wednesday, 23 February 2011 03:38 AM

Now they are our import good, not only that we are now not exporting anything. Importing everything. Wonder of Asia

Azam Kassim Wednesday, 23 February 2011 09:00 AM

very true.. i agree with you..

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India gains from SL coconut ban

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