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Seylan Merchant Bank
Sunday, 09 April 2006    
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Drop in coconut prices hits growers

by Elmo Leonard

There is panic among coconut growers as the cost per 1000 coconuts plunged to Rs 10,500 at the March 29, Coconut Development Authority conducted auction in Colombo. Prices are expected to plummet further immediately after Vesak, when cropping is at its highest.
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