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Copra prices show divergent trend - The Hindu BusinessLine

Copra prices show divergent trend April 28, 2021 Copra prices are witnessing a divergent trend in the key producing states of southern India. Prices of milling copra have started softening ahead of the start of the new coconut crop season in Kerala and Tamil Nadu, while the edible ball copra are ruling firm in neighbouring Karnataka. As per the figures available with Cochin Oil Merchants Association, prices of milling copra are currently ruling at ₹12,550 per quintal in Kerala compared with ₹13,100 the previous week. In Tamil Nadu, the rates were quoted at ₹11,500 against ₹12,400 last week. The southward movement of copra prices has reflected even in coconut oil in Kerala which dropped by ₹500 per quintal to ₹18,450.

Coconut oil prices go north mirroring global trend - The Hindu BusinessLine

Coconut oil prices go north mirroring global trend February 08, 2021 × With the coconut harvest season having started, industry players feel the rise in prices is due to hoarding Coconut oil became dearer by ₹10 per kg last fortnight apparently reflecting the global trend of rising edible oil prices. Traders are keeping their fingers crossed as the price hovering in the range of ₹230-240 per kg in the retail market has led to about 30 per cent shift in consumer preference to cheaper edible oils. Retail priced of edible oils, such as palm oil and sunflower oil, range between ₹130 -160 per kg. The rising price of coconut oil has slowed down institutional buying, especially in the HoReCa segment. They are also concerned of the rampant adulteration following the price hike.

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