Arrivals from AP, Kerala crush copra, coconut oil prices

Our Correspondent
Comment   ·   print   ·  

Prices of copra and coconut oil decreased following heavy arrivals of coconut from Kerala and Andhra Pradesh.

“The price of coconut oil dropped to ₹1,840 for 15 kg loose pack (₹123/kg), but sales were low. Many people are patronising palm oil, which is available at ₹65 a kg. Kerala traders are buying coconut oil from some crushing mills in Kangeyam selling at ₹150 a kg in Kerala,”said R M Palanisamy, a coconut oil trader.

The current price will drop further. With heavy loads of coconuts from Kerala and Andhra Pradesh arriving in Erode district, farmers are busy converting them to copra. By next month, copra prices are expected to drop sharply.

Currently, copra is available at ₹8,500-8,700 a quintal in the open market against ₹9,200 five days ago. Most of the copra was procured by Kerala coconut oil crushers.

Palanisamy said in Kerala, coconuts are available but there is no provision to convert them into copra.

At the Avalpoondurai Regulated Market Committee, 50 tonnes of copra were sold at ₹8,500-8,700 a quintal of first grade copra and the second grade was sold at ₹6,365-8,475.

(This article was published on March 14, 2014)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.
Please Wait while comments are loading...
This article is closed for comments.
Please Email the Editor
Get commodities

Cereals Prices

Cotton Prices

Drug and Narcotics Prices

Dry Fruits Prices

Forest Products Prices

Fruits Prices

Jute Prices

Live Stock Prices

Oil Seeds Prices

Other Prices

Pulses Prices

Rice Prices

Rubber Prices

Spices Prices

Tobacco Prices

Vegetable Prices

Wheat Prices



Recent Article in Commodities

Selling pressure dissolves sugar

Producers selling with heavy discount dragged sugar prices on the Vashi market by ₹10-20 a quintal. With routine demand, naka and... »

Comments to: Copyright © 2015, The Hindu Business Line.