The National Movement for the Protection of Consumer Rights says there is a risk of coconut and coconut oil prices increasing in the future.
A 1.9 billion coconut shortage has been identified in comparison to the annual coconut harvest.
Therefore, the Movement said in the event the government does not address the prevalent coconut shortage, a risk of local coconut and coconut oil prices increasing persists.
Chairman of the Movement Ranjith Vithanage speaking to NewsRadio said the government has been requested to take steps to prevent such an increase.
Vithanage said the price of a coconut could increase to between Rs.120-150 by February while the price of a bottle of coconut oil could increase to Rs.700-800.
He said in order to manage the situation, the government must take steps to reduce taxes imposed on coconut oil imports.
He said coconut prices will increase if coconuts are used to manufacture oil locally.
He said similar situations occurred in the past adding consumers were inconvenienced due to imposing a control price when prices had already increased.
Vithanage said the dollar crisis will not impact the situation as the country receives an income of USD 900 million through the export of coconut and related products adding only USD 200 million will be spent on imports.
He urged the government to immediately take steps to manage the situation and appoint a committee to ensure consumers are able to purchase coconut and coconut oil at a fair price rather than burdening consumers by allowing price increases.