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| EXCHANGE RATES | COCONUTS |

EXCHANGE RATES

EXCHANGE RATES ON 17.12.2003 IN SLRS

Average Rates at which the following currencies were quoted by Commercial Banks in Colombo for telegraphic transfers at 9.30 A.M.

Currency	Buying (Rs.)	Selling (Rs.)
US Dollar	96.01	96.83
Sterling Pound	168.01	170.21
Euro	117.92	119.69
Swiss Franc	75.76	77.39
Australian Dollar	70.84	72.37
Japanese Yen	0.8901	0.9053

The Approximate Exchange Rates of GULF Currencies based on previous day's Market Weighted Average Rate for the Us$ are as follow.

Country

Currency

Indicative Rate(RS.)

Bahrain	Dinar	256.14
Kuwait	Dinar	327.66
Oman	Rial	250.82
Qatar	Riyal	26.53
Saudi Arabian	Riyal	25.75
UAE	Dirham	26.29

The Average Weighted Prime Lending Rates (AWPLR) & the Lowest Prime Rate (LPR) during the week ended 12th, December 2003 by all commercial banks were 8.87 percent and 07.10 per cent respectively.

The Average Weighted Deposit Rate (AWDR) of Commercial banks for the month November, 2003 was 05.42 percent.

COCONUTS

Prices of Coconut Products on 17.12.2003

1. COPRA (per 250 kgs)
a) Date of Auction - 17.12.2003
b) Quantity of Copra offered	24,430 Kgs
c) Quantity of copra sold	24,430 Kgs
d) Simple average price - White Edible Copra	-
e) Simple average price - Edible Copra	-
f) Highest price - M.S. No. 1 Copra	15,050 T
g) Simple average price - M. S. No 1 Copra	15,050 T
h) Simple average Price - M. S. No. 2 Copra	12,000 T
i) Highest price - M. O. No. 1 Copra	-
j) Simple average Price - M.O. No. 1 Copra	-

Next Auction on 19.12.2003 at 11.00 a.m. at the CDA Duke
Street Office

2. FRESH COCONUT (per 1,000 nuts)
a) Local Market	Rs. 8,500 T
b) Date & Price of Auction:
CDA (11.12.2003)
Highest Price	Rs 9,810 T
Lowest Price	Rs 7,550 T
Average Price	Rs 8,970 T
Quantity Traded (Nuts)	874,339 Nuts
LHP-(04.12.2003)	-
Highest Price	9,510 T
Lowest Price	8,500 T
Average Price	8,970 T
Quantity Traded ( Nuts)	278,606 N
c) Date & Price of Tender	-
CCB	-
CRB (-)	-
NLDB(-)	-
LHP (04.12.03)	-

CDA Next Auction on 18.12.2003 at 11.00 a.m. at the Duke
street office

3. DESICCATED COCNUTS (per Kg)
a) Local Price
( i) Modernaized D/C Mills	Rs. 67.00 N
(ii) Traditoanal D/C Mills	Rs. 66.00 N
b) Philippines (CIF London)	-
c) Sri Lanka (CIF London)	-
4. COCONUT OIL (per Mt)
a) Local price	Rs. 73,000-75,000 T
b) Philippines (CIF London)	-
c) Philippines (CIF New York)	58,812
5. POONAC (per Mt)	Rs. 14,500 T
6. MATTRESS FIBRE (per 50 kgs)
a) FAQ	Rs. 375-400 T
b) Superior	Rs. 415-430 T
c) Hand Twisted	Rs. 550 T
7. OMAT FIBRE FAQ ( per 50 kgs)	Rs. 600-850 T
8. BRISTLE FIBRE 1 tie (per 50kgs)
a) Ordinary	Rs. 900-1,000 T
b) Superior Hackleable	Rs. 1,000-1,100 T
c) Semi Hackled	Rs.1,400 T
9. BRISTLE FIBRE 2 tie (Hackled per 50 kgs	Rs. 1,500-1,750 T
10. COCONUTS SHELL CHARCOAL	Rs. 16,500-17,000 T
(per MT)
11.COCONUT EKELS (per 50 kgs)	Rs. 550-650 T

(T-Traded; N-Nominal)

Next Auction on 19.12.2003 at 11.00 a.m. at the CDA Duke Street Office

CDA Next Auction on 18.12.2003 at 11.00 a.m. at the Duke street office

Next Auction on 19.12.2003 at 11.00 a.m. at the CDA Duke
Street Office

CDA Next Auction on 18.12.2003 at 11.00 a.m. at the Duke
street office