Commodities

Coconut oil price falls with copra

R Sundaram Erode | Updated on November 27, 2017 Published on November 07, 2014




Coconut oil prices fell by ₹50 per 15-kg on Friday. “Two days ago, copra prices rose to ₹10,600 a quintal and it dipped to ₹9,600-10,100. Over 10 tonnes of copra were sold in the last five days. Coconut oil prices decreased to ₹2,100-2,130 for 15-kg loose pack on Friday. More than 10 lorry loads (roughly 140 tonnes) of coconut oil were sold, a major portion was procured by traders in Kerala,” said RM Palanisamy, a coconut oil trader. He said traders are expecting prices to fall further. Demand for edible copra has increased and some traders have received fresh orders from Pakistan. It was sold at ₹11,100 a quintal on Friday. Further, the sale of coconut in Karnataka and Kerala has increased.

Meanwhile, price of palm oil dipped to ₹5,180 a quintal against ₹5,350 three days ago. Sunflower oil price remains at ₹6,200 a quintal. But the sale of the other edible oils such as rice bran oil, groundnut oil etc dropped sharply.

Published on November 07, 2014
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