Coconut Oil Prices Remain Stable Despite Low Copra Supply

Kochi. Although there is a noticeable shortage in the supply of copra in major producing markets this month, coconut oil prices have remained relatively stable. This is due to the availability of substantial existing stocks, coupled with somewhat subdued demand.

According to trade analysts, the supply and availability of coconut oil could become complex in the near term; prices might see an upward trend before the arrival of fresh stock (copra) from the upcoming season.

The Cochin Oil Merchants Association (COMA) reports a mixed trend in the copra and coconut oil markets in Kerala. The average price of coconut oil there fell by Rs 3 to Rs 250 per litre, while the price of copra rose by Rs 2 to reach Rs 158 per kilogram.

In the Kangeyam market, coconut oil was priced at Rs 208.50 per kilogram, and copra at Rs 151 per kilogram. Processing units are struggling to secure sufficient stocks of copra, and with prices remaining high, the market could see a resurgence in strength by the beginning of next year. A new production season for coconuts and copra is set to commence.