CAA imposes maximum retail price for coconuts

Saturday, 26 September 2020 01:27 -     - {{hitsCtrl.values.hits}}

  • MRP between Rs 60-Rs 70 per nut 
  • Relevant Gazette issued last night

The Consumer Affairs Authority (CAA) last night announced a Maximum Retail Price (MRP) for coconuts ranging from Rs. 60 to Rs. 70 per nut.

The MRP has been imposed in three categories based on the circumference of the nuts.

Coconuts with circumference over 13 inches can be sold at Rs. 70 per nut, between 12-13 inches at Rs. 65 per nut and below 12 inches at Rs. 60 per nut. CAA said that no producer, distributor, or trader shall sell, expose, or offer for sale, or display for sale coconuts above the MRP. The Order is effective from last night.

The Order was made by CAA Chairman Maj. Gen. (Retd) Shantha Dissanayake who issued the relevant Gazette issued last night.

The price of coconuts have skyrocketed in recent days with the price per nut as high as Rs. 100.