Coconut oil prices may come down

Coconut oil prices may decrease soon as copra prices have increased . “Prices of coconut oil may come down soon as arrivals are up . Prices touched ₹1,930 for a 15-kg loose pack a few days back. But buyers were less as the prices were high . ,” said RM Palanisamy, a coconut oil dealer. On Friday, at the Aval Poondurai Regulated Market, 865 quintals of copra arrived and were sold out within a few minutes The first grade was sold at ₹8,600-9,000 a quintal, while the second grade sold at ₹6,900-8,700 a quintal.