No justification for coconut oil price hike – Coconut Development Authority
The Coconut Development Authority has stated that there is no valid reason for a price increase of coconut oil in the local market.
CDA chairman – Prof. Roshan Perera has emphasized that there has been no tax hike on imported coconut oil.
Given the sufficient supply of coconut oil for domestic consumption, Prof. Perera asserted that any price increase is unjustifiable.
Additionally, a new regulatory program is being planned to control and stabilize coconut oil prices in the market, he added.