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Coconut price goes north, but fails to cheer up farmers
The New Indian Express
|September 28, 2024
Cost doubled in a month; low yield, hike in import duty on palmolein, soyabean and refined sunflower oil reasons for price hike
FROM ₹22 to ₹25 a kilogramme in the last week of August, the price of coconut at the farm gate in the district has more than doubled, touching ₹55 a kg on Friday.
Retail price quoting on the portals of online grocery platforms was around 48 apiece.
Coimbatore is the biggest producer of coconut in the state and any change in the price of the widely-used produce will get reflected in the retail market across the state.
The retail price of coconut in Coimbatore city stood at 69 a kg, with the farmers attributing the price hike to the low yield in recent days.
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