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.
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