COCO in to Coconut Drinks to Export Market?Is anybody aware???

ONTHEMONEY wrote:Dear Members,

Their is strong rummer running around on COCO..I was being told by many sources(many brokering houses,advisors,friends).COCO is planning to develop a new project to their existing export markets.It was told that new machines are to imported from Thailand and Malaisia where relavant LC's are opened with their bankers NDB.

RHL has also bought over SHAW WALLACE silently..COCO seems to be silently utilizing their raised funds of Right issue.

Is anybody heard???

Is this true???

ONTHEMONEY wrote:Dear Members,

Their is strong rummer running around on COCO..I was being told by many sources(many brokering houses,advisors,friends).COCO is planning to develop a new project to their existing export markets.It was told that new machines are to imported from Thailand and Malaisia where relavant LC's are opened with their bankers NDB.

RHL has also bought over SHAW WALLACE silently..COCO seems to be silently utilizing their raised funds of Right issue.

Is anybody heard???
Is this true???

ONTHEMONEY wrote:Dear Members,

Their is strong rummer running around on COCO..I was being told by many sources(many brokering houses,advisors,friends).COCO is planning to develop a new project to their existing export markets.It was told that new machines are to imported from Thailand and Malaisia where relavant LC's are opened with their bankers NDB.

RHL has also bought over SHAW WALLACE silently..COCO seems to be silently utilizing their raised funds of Right issue.

Is anybody heard???
Is this true???

Rookantha Rajapakse wrote:

Also I wanna know who are their competitors in coconut water market. it is very rare busines no?

Chinwi wrote:

Rookantha Rajapakse wrote:

Also I wanna know who are their competitors in coconut water market. it is very rare busines no?

COCO is Coco Lanka PLC. Owners of Renuka Coconut powder company, RAL.

There are many brands of Coconut water cans imported to middle eastern and western countries mainly from Thailand and Philippines. It is an established business there.
They add sugar to get more taste. Also some pieces of Kurumba.

Also, raw Kurumba gedi are imported from India and available in places like Dubai.

I think COCO may export the cans to Europe area. Somehow it is not a rare business.

ANUSHAD wrote:Dear members, it seems that the rumors are true

Earlier( 2011 feb) coco was purchasing a coconut from the auction for somewhere around Rs. 60. now they are buying a coconut for Rs.37. still they haven't change the export prices, that means the profit has increased.

Also recent reports indicate that coconut harvest has increased by 30% in sri lanka, which tend to decrease the price further.

the trend to farm oil is decreasing and increasing the demand of coconut oil. there for coco has a bright future.

Chinwi wrote:
Also, raw Kurumba gedi are imported from India and available in places like Dubai.

Monster wrote:

Chinwi wrote:
Also, raw Kurumba gedi are imported from India and available in places like Dubai.

I have seen raw coconut imported from India and Sri Lanka and available in hypermarkets in Kuwait. However, consumers prefer to buy and used to pay higher price for Sri Lankan coconut due to it's quality.

Recently I have seen coconut milk powder packed in jumbo packet (2kgs) from Renuka Agri Foods. Earlier only Maggi from Netsle was marketing milk powder in jumbo pack.

We may purchase cheap coconut powder imported from Thailand and Malaysia. However, Sri Lankan coconut milk powder are good in terms of quality though we pay higher price.

slstock wrote:

I saw on a short visit to Dubai that Renuka as still not penetrated the market there. GOod to hear they are in other Middle easten countries. Look like Thailand still leads the coconut milk market. But some of their products use a Gum to thicken the coconut cream. Does anyone know whether Renuka products use anythign artificial? Organic markets are becoming bigger now in western countries specially