Price index for coconuts Action against black marketeers – CCB Chairman

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By 2017-09-25

A permanent price index, depicting the maximum retail price for coconuts, will be introduced in the near future, the Coconut Cultivation Board (CCB) stated yesterday.

CCB Chairman Kapila Yakandawala said the price index would be announced shortly owing to the prevailing high prices for coconuts in the retail market.

He added that a coconut should be priced between 70-75 rupees and that stringent action would be taken against black market vendors who were selling at higher prices.

While stating that they had no intention of establishing a price control mechanism, the CCB Chairman, however, vowed to create a price that was fair by the farmers, traders as well as the consumers.

He added that the main reason behind the price hike was an incorrect statement on coconut prices made by a Parliamentarian recently. He added that based on this statement, the prices of coconuts had increased artificially. (CD)



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