Prices of coconut oil increased at Erode markets on Tuesday due to rising copra prices. “ Copra was sold at ₹5,350-5,500 a quintal and the edible copra was sold at ₹6,500. Buyers/oil mills procured the same to produce more quantity,” said RM Palanisamy, a trader. He said within the last few days more than 300 tonnes of copra was sold and also the price of the coconuts were decreasing Coconut oil fetched ₹1,210-30 for a 15-kg loose pack. Many coconut oil crushers were waiting for fresh demand from North India.
Source : The Hindu Business Line