Coconut oil prices touched a record ₹2,500 for 15 kg on Thursday due to declining stocks and festival demand. “For the first time, coconut oil prices are ruling at ₹2,500. There are some buyers at such prices, as they require coconut for the ensuing Onam festival. Till September first week, prices could tend to be firm,” said RM Palanisamy, a trader. He said such higher price is due to paucity of copra stocks with farmers. Similarly, in other areas, too, crushers have purchased copra fat ₹11,800 a quintal. Meanwhile, copra was sold at ₹11,700-12,000 a quintal in Perundurai and Anthiyur areas. At the Perundurai Cooperative Marketing Society, more than 150 tonnes of copra was sold on Wednesday.
Coconut oil at record high
Published on
August 15, 2014 17:33
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