Copra, coconut oil prices may rise further Erode, Sept. 30: Prices of copra and coconut oil increased sharply in markets around main producing centres in Tamil Nadu’s Erode district on Monday. Coconut oil Coconut oil was sold at Rs 1,375 for 15 kg loose pack (Rs 91/kg). Kangeyam, the main coconut oil producing centre in Tamil Nadu, is having limited stock of coconut oil. “Though crushers are getting good price, they are expecting further increase in coconut oil price,” said R.M. Palanisamy, a trader. He said copra was sold at Rs 75 for a kg. He said usually during this season, the production of coconut will be low as a result, the conversion of coconut into copra will be affected. In Avalpoondurai Regulated Market Committee, copra arrivals were low at 12.5 tonnes and the best quality was sold at Rs 6,465-6,560; the second best variety at Rs 4,495-6,275. Last week, 68 tonnes of copra arrived. Sales took place at Rs 6,025-6,365 for the best grade and Rs 4,560-5,900 for second best grade. Meanwhile, Kerala crushers have started buying copra at the marketing centres here, besides the open market.
Posted on: Tue, 01 Oct 2013 04:10:45 +0000
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