Coconut Oil Prices May Rise in Festive Season

Published on: 31 Jul, 2013
Published under: General Kerala News, Kerala Business News

30 July 2013
Kochi

According to Survey carried by Coconut Development Board for 2012-13 season it has been seen that during festive season there is seen a rise coconut oil price. According to the report, there was lower production of raw nuts in Karnataka and Tamil Nadu which would in turn benefit coconut farmers in Kerala.

Arrival of coconut oil from neighbouring states was affected due to lower production. It is reported that there was 16 per cent production drop in Tamil Nadu, whereas the dip was 12 per cent in Karnataka. The Coconut Development Board and leading educational institutions in Kerala, Karnataka and Tamil Nadu jointly conducted the survey on coconut production for 2012-13 season.

However, the study revealed that there would not be any price crash for coconut products in Kerala due to lower production in neighbouring states. However, copra prices reported an increase of Rs 4,850 per quintal (Rs 4,800) in Kerala, whereas the prices touched Rs 4,750 per quintal in Tamil Nadu (Rs 4,700).

Source– http://www.thehindubusinessline.com/industry-and-economy/agri-biz/festival-demand-in-kerala-may-lift-coconut-oil-prices/article4969909.ece//www.thehindubusinessline.com/news/states/kerala-to-demand-retention-of-20-duty-on-rubber/article4970698.ece

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