COP higher than coconut sale price - News Summed Up

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COP higher than coconut sale price

COP higher than coconut sale price By Quintus Perera View(s): View(s):Coconut growers of Sri Lanka are seriously worried that the farm-gate price of coconut is dropping sharply to the extent that the average growers are compelled to stop maintaining their coconut estates as the cost of production(COP) has become higher than the farm-gate price of a nut. Growers are alarmed that the present farm-gate price is around Rs. 35 and are urging the government to work out a formula where the farm-gate price could be an a ‘break-even’ farm-gate price of at least little over Rs. Ranjith Dias, veteran coconut grower and a past President of CGA explained to the Business Times a series of reasons that caused the decline of the farm-gate price of coconut. The other reasons are: Absence of price formulas to reflect the minimum cut off price for coconuts; unregulated import of crude palm olein (unrefined and waste) and coconut oil purported to be under a special scheme.

Source: Sunday Times June 08, 2019 19:12 UTC