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Lobbyists Blamed

Published: 07th August 2015 04:14 AM  |   Last Updated: 07th August 2015 04:14 AM   |  A+A-

KOCHI:The Coconut Development Board has criticised private players for lobbying to bring down the price of coconut and its value-added products at a time when there is no chance  of a price fall.

 A statement from the CDB said that the Board has been continuously monitoring the price stability of coconut products. The increase in price of copra and coconut oil in the market is a known factor.

At a time when coconut oil is sold at Rs 13,300-13,400 per quintal in the Kozhikode - Kochi markets, false/fabricated reports are coming out stating that the average price for coconut oil in Kerala is meager Rs 10,800.

Reports  stating that the upward trend of the price would stay only till the Onam season are misleading.

Since the production of coconut in the major coconut producing states has come to an end and  start of the festival season in North India, it can be expected that the price of coconut would be  stable and not expected to fall till the next season of production in Kerala till February - March.

When the daily moving price in the coconut markets in India and the moving average of 60 days  are compared, it is clear that there is no chance of a price fall, the statement said.



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