Sri Lanka coconut prices fell 5.4 percent at Thursday's auction in Colombo, to 36,346 rupees for 1,000 nuts, after rising 3.7 percent to 38,428 a week earlier. At this week's auction in Colombo, 689,948 nuts were offered and 358,440 were sold. Prices fell as slow as 30,723 on August 16. Sri Lanka has also lifted a ban on the export of fresh coconuts from this month, authorities said. Sri Lanka banned the export of fresh nuts after a drought hit global production driving coconut prices to record levels. Global coconut prices have also come down.
