The drive against adulterated coconut oil in Kerala is showing positive results with bulk arrival of adulterated oils from neighbouring States declining.
There is now a general awareness among consumers on adulterated coconut oil with a majority of them looking for genuine brands. This is expected to benefit the market, said Thalath Mahmood, Director, Coconut Oil Merchants Association (COMA).
Meanwhile, the coconut oil market is ruling steady, with prices declining to ₹13,600/quintal in Kerala and ₹13,000 in Tamil Nadu, a drop of almost ₹200 compared with last week. Copra prices are ruling at ₹9,600/quintal in Kerala and ₹9,400 in Tamil Nadu.
According to COMA, the demand for edible copra and edible coconuts from Pakistan and Bangladesh is expected to pick up with the impending Ramzan season next month.
However, the market is experiencing tight supply of copra due to increased demand for coconut by-products such as virgin coconut oil, coconut powder, etc.