Home Education Kerala coconut market in doldrums as prices fall despite Navratri and Diwali seasons

Kerala coconut market in doldrums as prices fall despite Navratri and Diwali seasons

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Vatakara: The Kerala coconut market is reeling under crisis despite Navratri and Diwali seasons, suggests trends during last week. Compared to previous seasons, the prices are facing a steep decline in an unprecedented manner.

The price of copra Rajapur variety was Rs 19,750 for a quintal before Navratri season in 2021, while now prices touched Rs 13,700, down by Rs 6,050.

The price of copra Unda variety was at Rs 17,500 when compared to Rs 11,500 last year.

Even Kotta Thenga variety, which used to have more takers last Navratri season, is not gaining momentum in the market. The price was Rs 14,000 last year while now it is Rs 10,000. Even during off season, the price was reasonable.

The price of normal copra declined to Rs 8,000 and the price of raw coconut plummeted to Rs 23 for a nut, the lowest this year.

The production and supply to the markets is low due to the poor demand. It is learnt that upheaval of Karnataka coconut market has changed the market equations.

The week’s trend shatters conventions and notions about the Kerala coconut market during special season.

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