Drop in coconuts and tea submitted for auctions

Sunday, 17 October 2021 - 13:53

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The number of coconuts placed at the auction last week has dropped to 988,614 and only 619,623 coconuts were sold.

The previous week, more than 1,558,000 coconuts had been submitted for the auction.

The average price of a coconut was recorded as 48 rupees and 43 cents.

Meanwhile, the quantity of tea offered at the tea auction dropped to 5.7 million kilograms.

The Federation of Tea Exporters stated that six million kilograms of tea had been put up for auction in the previous week.