Sri Lanka to take action to control coconut priceStaff Writer | September 26, 2017
Sri Lanka will bring in a permanent price index to control the price of coconuts after several black marketeers have been caught selling coconuts at exorbitant rates, a local media report said.
Asia Coconut Cultivation Board
He added that a coconut should be priced between 70 Sri Lankan rupees (0.45 U.S. dollars) and 75 rupees but black market vendors were selling at high prices.
Coconut is one of the major plantation crops in Sri Lanka which accounts for approximately 12 percent of all agricultural produce in Sri Lanka. ■