Agri Business

Copra slides on slack buying

Our Correspondent Erode | Updated on January 23, 2018 Published on April 27, 2015

Copra prices decreased but the buyers procured a few quantities. “The price of the coconut oil remains at ₹1,860-1,960 for 15-kg loose pack for the past few days, there was no heavy buyers for the same. Many coconut oil users switched over to some other oils such as sunflower, palm oil, etc due to price,” said RM Palanisamy, a trader. He said during this week the copra was sold at ₹9,100-9,400 a quintal, the edible copra was sold at ₹10,200. Many copra farmers used to buy coconut from other States and districts convert them into copra selling them. They never expect such low price for the copra. Traders said that many biscuit firms still prefer the palm kernel which is available at low price.

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Published on April 27, 2015
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