Coconut, copra prices likely to rise as supply drops
Farmers and producers warn that climate-linked supply shortages and ongoing exports are likely to push up coconut and copra prices. Some numeric price details in the source were unclear due to OCR errors.
Pollachi, Coimbatore: Farmers and producers say prices of coconuts and copra have begun rising again due to supply shortfalls caused by climate change and a decrease in coconut arrivals to the market. Reduced production and continued exports have limited local availability, reducing the chances of price corrections, they said.
Producers pointed out that an early onset of drought in regions such as Indonesia, attributed to 'El Niño', and continuing exports to other states and countries are likely to keep pressure on domestic supplies. As demand remains firm around festival seasons, prices are expected to stay elevated.
The original report included several price figures, but some numeric details in the OCRed copy are unclear. Overall, farmers warn that lower arrivals together with sustained external demand will probably push up prices of copra and other coconut products.
Courtesy: Hindu Tamil Thisai