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Our Bureau

Kochi , March 8

With the introduction of copra futures from Thursday by National Multi-Commodity Exchange (NMCE) of India Ltd, the coconut farmer, trader, processor and the consumer all stand to benefit.

Currently, the value of copra is determined by the price of coconut, which is not conducive to the market driven price discovery mechanism, a press release from NMCE said.

While the prices of copra and oil cakes are flexible in the downward direction, an equally flexible upward adjustment of prices is seldom observed.

The introduction of copra futures will enable hedging facility and help reverse the trend of derived copra prices.

A strong market in copra can significantly influence coconut oil prices, similar to the case in the castor seed market.

More Stories on : Commodity Exchanges | Coconut & Copra

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`Coconut trade to gain from copra futures'

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