Coconut prices surge as intermediaries profit from auction sales

28 October 2025 11:15 am Views - {{hitsCtrl.values.hits}} 4 Bookmark

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By Indika Sri Aravinda

Colombo, Oct. 28 (Daily Mirror) - The Coconut Cultivation Board has revealed that intermediaries are earning profits of around Rs. 40-50 by selling coconuts purchased at Rs. 134 for Rs. 180 at the coconut auction.

Board Chairman Sunimal Jayakody said the high warehouse market prices are due to the absence of a controlled price for coconuts. He urged intermediary traders to release coconut stocks to the market at a minimum price to stabilize the situation.

In response, the Coconut Cultivation Company, the Coconut Development Board, and the Coconut Cultivation Board are preparing a joint recommendation for the auction after thorough discussions.

Coconut production has also seen an increase, rising from 2,754 million nuts last year to 2,800 million this year. With government-backed development partnerships underway, the board expects production to reach 4,200 million nuts over the next three years.

Chairman said that these measures aim to ensure fair pricing, improve market stability, and support the growth of the coconut industry in Sri Lanka.

Comments - 4

Sokrates Tuesday, 28 October 2025 12:34 PM

I think a 30 to 40 per cent higher resale price is normal. For my exports, I charge between 25 and 100 per cent.

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Hari Tuesday, 28 October 2025 12:39 PM

Yes thanks to the government effort we got planting materials for free for the first time.

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R Navaratnam Tuesday, 28 October 2025 01:41 PM

Cocunut cultivation Board did not mention a reason for reason for the presence of intermediaries For me the reason is the poor performance of Cocunut Cultivation board Blaming others does not serve the citizens. Get on to your bicycle to improve your performance , CCB

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Mohamed Burhan Tuesday, 28 October 2025 07:59 PM

Intermediary is the person /cultivator who buys from Auction transports(heavy cost) buys at Rs.134 and sells to retailor at Rs.184 (reasonablemaking Rs.50) retailer sells at Rs.200 or so(reason making a profit after Rs.184) 12 to 16 month back price of a big nut Rs.80 to 90?.Best thing cultivator/Boards transport direct to retailer (god knows practically possible)bcos finally the consumer will buy a coconut say Rs.160.otherwise this sort of news will be there on and off with poor consumer buying a nut may be in time to come 220 to 240

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