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G.K. Nair

Kochi , Sept. 3

Copra prices continued to rule low at around Rs 3,300 a quintal as a result of low coconut oil prices in the major markets.

At the Kochi terminal market, copra FAQ was sold on Saturday at previous day's level of Rs 3,350 a quintal while un-graded was being sold at Rs 3,265 a quintal.

In Alapuzha, edible copra fetched Rs 3,300 a quintal while ordinary copra was being sold at Rs 3,250 a quintal.

Coconut oil prices both at Kochi and Alapuzha ruled steady at Rs 4,975 a quintal.

Low demand

Drop in demand has pushed down the prices of coconut oil, which in turn has reduced the prices of copra.

In fact, for over a year now, the prices of copra have been ruling far below the Government's minimum support price (MSP) of Rs 3,590 a quintal (The open market prices have been fluctuating between Rs 3,000 and Rs 3,300).

No procurement has so far been undertaken by any Government agencies, market sources told Business Line.

More Stories on : Coconut & Copra | Agricultural Policy

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