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| EXCHANGE RATES | COCONUTS |

EXCHANGE RATES

EXCHANGE RATES ON 03.01.2004 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	96.75	97.62
Sterling Pound	175.95	178.31
Euro	120.11	121.97
Swiss Franc	76.41	78.08
Australian Dollar	73.12	74.72
Japanese Yen	0.9139	0.9300

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	258.20
Kuwait	Dinar	330.24
Oman	Rial	252.85
Qatar	Riyal	26.73
Saudi Arabian	Riyal	25.96
UAE	Dirham	26.50

The Average Weighted Prime Lending Rates (AWPLR) & the Lowest Prime Rate (LPR) during the week ended January 23rd, 2004 by all commercial banks were 8.89 percent and 07.75 per cent respectively.

The Average Weighted Deposit Rate (AWDR) of Commercial banks for the month December, 2003 was 5.27 percent.

COCONUTS

Prices of Coconut Products on 03.02.2004

1. COPRA (per 250 kgs)
a) Date of Auction - 23.01.2004
b) Quantity of Copra offered	43,100 Kgs
c) Quantity of copra sold	33,100 Kgs
d) Simple average price - White Edible Copra	-
e) Simple average price - Edible Copra	-
f) Highest price - M.S. No. 1 Copra	13,000 T
g) Simple average price - M. S. No 1 Copra	13,000 T
h) Simple average Price - M. S. No. 2 Copra	11,650 T
i) Highest price - M. O. No. 1 Copra	-
j) Simple average Price - M.O. No. 1 Copra	-

Next Auction on 06.02.2004 at 11.00 a.m. at the CDA Duke
Street Office

2. FRESH COCONUT (per 1,000 nuts)
a) Local Market	Rs. 8,000-8,500 T
b) Date & Price of Auction:
CDA (29.01.2004)
Highest Price	Rs 8,810 T
Lowest Price	Rs 7,550 T
Average Price	Rs 8,410 T
Quantity Traded (Nuts)	888,984 Nuts
LHP-(-)	-
Highest Price	9,020 T
Lowest Price	7,100 T
Average Price	8,204 T
Quantity Traded ( Nuts)	561,410 N
c) Date & Price of Tender	-
CCB	-
CRB (-)	-
NLDB(-)	-
LHP (-)	-

CDA Next Auction on 12.02.2004 at 11.00 a.m. at the Duke
street office

3. DESICCATED COCNUTS (per Kg)
a) Local Price
( i) Modernaized D/C Mills	Rs. 66.50 T
(ii) Traditoanal D/C Mills	Rs. 66.00 T
b) Philippines (CIF London)	-
c) Sri Lanka (CIF London)	-
4. COCONUT OIL (per Mt)
a) Local price	Rs. 75,000-77,000 T
b) Philippines (CIF London)	-
c) Philippines (CIF New York)	-
5. POONAC (per Mt)	Rs. 14,500-15,000 T
6. MATTRESS FIBRE (per 50 kgs)
a) FAQ	Rs. 400-425 T
b) Superior	Rs. 425-430 T
c) Hand Twisted	Rs. 550 T
7. OMAT FIBRE FAQ ( per 50 kgs)	Rs. 600-700 T
8. BRISTLE FIBRE 1 tie (per 50kgs)
a) Ordinary	Rs. 900-1,050 T
b) Superior Hackleable	Rs. 1,000-1,200 T
c) Semi Hackled	Rs.1,400 T
9. BRISTLE FIBRE 2 tie (Hackled per 50 kgs	Rs. 1,500-1,800 T
10. COCONUTS SHELL CHARCOAL	Rs. 16,000-17,000 T
(per MT)
11.COCONUT EKELS (per 50 kgs)	Rs. 550 -625 T

(T-Traded; N-Nominal)

Next Auction on 06.02.2004 at 11.00 a.m. at the CDA Duke Street Office

CDA Next Auction on 12.02.2004 at 11.00 a.m. at the Duke street office

Next Auction on 06.02.2004 at 11.00 a.m. at the CDA Duke
Street Office

CDA Next Auction on 12.02.2004 at 11.00 a.m. at the Duke
street office