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Nafed s copra disposal sparks concern among traders; prices dip to ₹88 in Kerala markets

Nafed s copra disposal sparks concern among traders; prices dip to ₹88 in Kerala markets
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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.

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