Commodities

Medium demand for coconut oil

Our Correspondent Erode | Updated on January 16, 2018 Published on October 31, 2016

Kochi, Kerala, 28/12/14. Copra being dried before milling for the manufacture of coconut oil in Kochi. Photo;H.Vibhu.   -  [email protected]



Traders at Erode received a few upcountry orders for coconut oil. “The price of the coconut oil remains in an upward trend for the past few days and is selling at a lesser price than in Kochi and Thrissur markets. The traders in Maharashtra, Uttar Pradesh and some other North Indian States have placed a few orders at Kangeyam and Uthukuli markets. Coconut oil was sold at ₹1,375-1,400 for 15-kg loose pack,” said RM Palanisamy, an oil trader. He also added that the coconut oil went for ₹95/kg at Kerala against ₹93 in Kangeyam. Copra prices were stable at ₹6,200-6,300 a quintal.

Published on October 31, 2016
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