Coconut prices skyrocket in the Maldives!

The price of coconuts has observed a significant bump, from MVR 300 per sack to a soaring MVR 1,600 per sack.

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A vendor cleans coconuts at a local market stall; demand for the commodity has risen ahead of Ramadan-- Photo: Nishan Ali | Mihaaru

Mohamed Rehan

2023-03-08 14:33:48

The price of coconuts has observed a significant bump, from MVR 300 per sack to a soaring MVR 1,600 per sack.

About three months ago, a sack of coconuts was sold for between MVR 250 and MVR 300 per sack, and a single coconut was sold for MVR 5 to MVR 15.

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