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The price of the Copra has started decreasing in Erode district. Avalpoondurai Regulated Marketing Committee (RMC) situated 15 km from Erode.
Hundreds of farmers from all over India brought their copra to the RMC. In the auction held on Friday, 260 tonnes of copra from Erode , Dharmapurai, Krishnagiri, Salem and Vellore districts were brought to the RMC and all the copra were sold in tender auction.
Mr Dhandapani, Superintendent of the Avalpoondurai RMC said, “The competition for the copra buying was reasonable during this week. On an average, copra was sold at Rs 36-38 a kg. The farmers, with much reluctance sold their copra, as in February it fetched them Rs 72 . But now due to heavy arrivals, the buyers quoted low price of Rs 36”.
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