(MENAFN) Sri Lankan media reports said that the country will bring in a permanent price index to control the price of coconuts after black markets were caught selling it at exorbitant rates.
According to the Coconut Cultivation Board (CCB) Chairman Kapila Yakandawala, the price index will be announced shortly owing to the prevailing high prices for coconuts in the retail market.
Since the coconut should be priced between 70 Sri Lankan rupees and 75, black market vendors were selling it at high prices.
MENAFN2609201700450000ID1095897696
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.