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| EXCHANGE RATES | COCONUTS |

EXCHANGE RATES

EXCHANGE RATES ON 13.05.2004 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	98.21	99.17
Sterling Pound	173.38	175.94
Euro	116.56	118.56
Swiss Franc	75.46	77.27
Australian Dollar	67.94	69.62
Japanese Yen	0.8604	0.8774

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	261.75
Kuwait	Dinar	334.73
Oman	Rial	256.33
Qatar	Riyal	27.10
Saudi Arabian	Riyal	26.31
UAE	Dirham	26.87

The Average Weighted Prime Lending Rates (AWPLR) & the Lowest Prime Rate (LPR) during the week ended 6th May, 2004 by all commercial banks were 09.11 percent and 07.75 per cent respectively.
The Average Weighted Deposit Rate (AWDR) of Commercial banks for the month of April, 2004 was 04.99 percent.

COCONUTS

Prices of Coconut Products on 13-05.2004

1. COPRA (per 250 kgs)
a) Date of Auction - 12.05.2004
b) Quantity of Copra offered	25,500 Kgs.
c) Quantity of copra sold	16,000 Kgs.
d) Simple average price - White Edible Copra	13,510 T
e) Simple average price - Edible Copra	13,100 T
f) Highest price - M.S. No. 1 Copra	13,100 T
g) Simple average price - M. S. No 1 Copra	-
h) Simple average Price - M. S. No. 2 Copra	-
i) Highest price - M. O. No. 1 Copra	-
j) Simple average Price - M.O. No. 1 Copra	-

Next Auction on 14.05.2004 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 N
b) Date & Price of Auction:
CDA (29.04.2004)
Highest Price	Rs 8,800 T
Lowest Price	Rs 6,500 T
Average Price	Rs 8,680 T
Quantity Traded (Nuts)	2,608,458 N
c) LHP - (29.04.2004)	-
Highest Price	9,320 T
Lowest Price	7,100 T
Average Price	8,403 T
Quantity Traded ( Nuts)	445,229 Nuts

CDA Next Auction on 20.05.2004 at 11.00 a.m. at the Duke
street office

3. DESICCATED COCNUTS (per Kg)
a) Local Price
( i) Modernaized D/C Mills	Rs. 77.00 T
(ii) Traditoanal D/C Mills	Rs. 76.00 N
b) Philippines (CIF London)	-
c) Sri Lanka (CIF London)	-
4. COCONUT OIL (per Mt)
a) Local price	Rs. 90,000 T
b) Philippines (CIF London)	-
c) Philippines (CIF New York)	-
5. POONAC (per Mt)	Rs. 12,500-13,00 T
6. MATTRESS FIBRE (per 50 kgs)
a) FAQ	Rs. 475-500 T
b) Superior	Rs. 500-525 T
c) Hand Twisted	Rs. 550 T
7. OMAT FIBRE FAQ ( per 50 kgs)	Rs. 650-725 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	Rs1,300-1,400 T
9. BRISTLE FIBRE 2 tie (Hackled per 50 kgs	Rs. 1,400-1,700 T
10. COCONUTS SHELL CHARCOAL	Rs. 15,000 T
(per MT)
11.COCONUT EKELS (per 50 kgs)	Rs. 550-563 T

(T-Traded; N-Nominal)

Next Auction on 14.05.2004 at 11.00 a.m. at the CDA Duke Street Office

CDA Next Auction on 20.05.2004 at 11.00 a.m. at the Duke street office

Next Auction on 14.05.2004 at 11.00 a.m. at the CDA Duke
Street Office

CDA Next Auction on 20.05.2004 at 11.00 a.m. at the Duke
street office