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Last Updated : 2024-05-19 23:42:00
26 February 2024 02:44 pm - 18 - {{hitsCtrl.values.hits}}
Colombo, Feb 26 (Daily Mirror) - In a move to bolster Sri Lanka's position as a leading exporter of king coconuts, exporters have agreed to uphold prices at 2000 rupees per fruit, announced Minister of Agriculture and Plantation Industry, Mahinda Amaraweera.
The decision came amidst plans to expand king coconut cultivation, with the inauguration of the second king coconut cultivation village near Murutawela Raluwa village.
The inauguration ceremony, presided over by Minister Mahinda Amaraweera, marked the establishment of the second king coconut cultivation village, following the success of the first village in Pahala Muruthawela last year. The initiative aims to meet the growing demand for Sri Lankan king coconuts, particularly in the United Arab Emirates and other international markets.
With approximately 252,000 king coconuts exported to the UAE weekly, the industry generated an impressive income of two billion rupees in 2022, with expectations soaring to six billion rupees in 2023. Sri Lanka's monopoly in the world market for king coconuts remains unchallenged due to the unparalleled taste and quality of its produce.
During the ceremony, Minister Amaraweera distributed 1600 king coconut saplings to local farmers, emphasizing the importance of expanding cultivation efforts to meet global demand. He underscored the uniqueness of Sri Lankan king coconuts, stating plans to elevate its prominence worldwide under the Sri Lanka Sweet Coconut brand.
Highlighting the significance of maintaining competitive pricing, Minister Amaraweera revealed that exporters had committed to sustaining prices at 2000 rupees per fruit. Currently, Sri Lanka exports around 200 containers of king coconuts to the Dubai market monthly, fetching premium prices compared to global competitors.
Despite the promising prospects, Minister Amaraweera acknowledged the need for expansive cultivation efforts to meet the burgeoning demand. He urged the Coconut Cultivation Board to spearhead initiatives aimed at expanding king coconut cultivation nationwide.
Hussain Monday, 26 February 2024 03:10 PM
Locals has to dream to taste king coconut in future
Tissa Fernando Monday, 26 February 2024 11:17 PM
Grow your own king coconut tree and then you can taste it every day.
Ranga Monday, 26 February 2024 03:17 PM
Sri Lanka is dreaming 2K per nut lol Sounds like another Viyath Maga pundits
Surya R Monday, 26 February 2024 04:22 PM
SL Rs2000 = 530INR
Sokrates Monday, 26 February 2024 03:20 PM
A king coconut costs around 3 euros (1000 Rs.) in Germany. The asking price of Rs. 2000 is probably a bit bold. A king coconut costs around 3 euros (1000 Rs.) in Germany. The asking price of Rs. 2000 is probably a bit bold. No wholesaler will pay more than Rs 150.
Mohamed Monday, 26 February 2024 05:18 PM
Large quantities exported with reasonably priced or Small quantities exported with unreasonably priced; Which model is best for country like Sri Lanka needs proper study. I will leave it to the experts to comments on market sustainability and long term benefits for the country.
Dilshan Perera Monday, 26 February 2024 08:00 PM
Those are much lower quality nuts.. which an lowlife like you deserve perfectly!
Appuhamy Monday, 26 February 2024 04:25 PM
Looks like Minister going nuts
zak Monday, 26 February 2024 06:11 PM
haha. Rs2000 per fruit.. typical sri lankan idiotic mindset.
Lal Monday, 26 February 2024 06:41 PM
HELLO. MAHINDA. IN DUBAI OUR KING COCONUT SELLING PRICE AVERAGE. 6/= DHS. = SRILANKA RUPEES 550/- SOMETIMES PROMOTION WE WILL GET IT. 4/- DHS. Ie. SRILANKA RUPEES 375/-
ANNECUNT Monday, 26 February 2024 08:30 PM
Are we paying the 10% commission to Mr. Basil Rajapaksa
Ram Monday, 26 February 2024 08:59 PM
Having a king coconut is beyond the means of Middle or Lower Middle Class. SL is bankrupted by the politicians
Ram Monday, 26 February 2024 08:59 PM
Having a king coconut is beyond the means of Middle or Lower Middle Class. SL is bankrupted by the politicians
NOW OR NEVER A MAJOR CHANGE IS NEEDED Monday, 26 February 2024 11:15 PM
OUR POLITICIANS SEEM TO MAKE HASTY DECISIONS THAT ONLY BENEFITS THEMSELVES, NOT A THOUGHT TO THE LONG TERMS EFFECTS ON THE COUNTRY. NOR HAVE ANY OF THEM HAVE A CONCIOUS, OUNCE OF SHAME AND OR INTERGRITY, THE SOONER WE GET RID OF MAJORITY OF POLITICIANS AND PUBLIC SERVANTS HOLDING TOP POSTS THE BETTER OUR COUNTRY WILL BE.
Tissa Fernando Monday, 26 February 2024 11:26 PM
In the UAE, King coconut retail price is around AED 5.95 per PC which is approximately Rs. 600. They say the country of origin is Sri Lanka. So , if you can export it at Rs 2000 per PC then that is good. But if this is false then you are just trying to destroy even the local market.
Frank P Tuesday, 27 February 2024 12:06 AM
The Minister is day dreaming. In Dubai, King Coconut is priced at Dh.5 (Rs.425) or maximum Dh.6(Rs.510) and people are not eager to buy. When supermarkets promote them at Dh.4, there is a demand and people are buying. So, if you increase the price from Dh.5 to Dhs.24, then RIP to King Coconuts. There is kiosk near Burj Khalifa and they sell Chilled King Coconut for Dh.30 that guy would go out of business coz of this mad decision.
Ravana Tuesday, 27 February 2024 12:32 AM
This is nuts
Marikar K Tuesday, 27 February 2024 03:35 AM
First of all distribute proper King Coconut Seedlings. Trying to get a decent variety from CRI or Coconut development board is like geting a unicorn. DO these people leave their brains outside when they enter government organizations?
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