STOCK MARKET BSE NSE

Copra, Coconut Prices to Remain Stable

Published: 13th February 2015 05:58 AM  |   Last Updated: 13th February 2015 05:58 AM   |  A+A-

KOCHI:Following the increase in demand for coconut, copra and its value-added products from upcountry markets, the prices of coconut and its value-added products are reported to be stable in the coming months, even in the peak harvest season in the states of Kerala and Tamil Nadu.

A statement from the Coconut Development Board said that an increased price trend is expected in the coming months as the coconut available is mainly sold as raw nut for industries and also for up India market for export, domestic and other purposes. The conversion of coconut into copra stands minimum as the expected level of copra is not arriving in the market. Quality copra is expected to arrive in the market from March 2015 onwards, which will give a boost to the sector.

Even though the arrival of ball copra in the market has declined, the prices may sustain further in the coming months and even the new arrivals are expected to come from the month of May-June 2015.  The market is facing shortage of milling copra as the copra (milling) stocks with Nafed are fully depleted and the coconut production estimates in the major coconut growing states for 2014-15 does not show any significant increase in comparison to last year.

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp