Coconut and Copra prices likely to decline: TNAU

Coimbatore: India is the third largest producer of coconut in the world. According to the First Advance Estimates of the National Horticultural Board (2018-19), the area for growing coconut is 21.27 lakh hectares with a production of 163.83 lakh tonnes.

Coimbatore: India is the third largest producer of coconut in the world. According to the First Advance Estimates of the National Horticultural Board (2018-19), the area for growing coconut is 21.27 lakh hectares with a production of 163.83 lakh tonnes. 

States in India that produce coconuts are Kerala, Karnataka, Tamil Nadu and Andhra Pradesh, representing more than 90 percent of the country's total production.

In the state of Tamil Nadu, Coimbatore, Tiruppur, Thanjavur, Dindigul and Kanyakumari are the major coconut-growing districts. The major export destinations for Indian coconut products are United Arab Emirates, United Kingdom, Kuwait and Iran. It is reported that the production of coconut this season has been reasonable when compared to the previous year. At present, fresh copra produce is seen arriving at the Perundurai market from Dharapuram, Palladam, Salem, Dindigul, Theni, Erode, Palani and Cumbum.

While coconut and copra has begun arriving from Kerala, it is expected that the produce from Karnataka will commence during this last week of June. Trade sources also state that copra imports from Indonesia would also affect the domestic prices of copra. The TN-IAM project-funded Price Forecasting Scheme of the Centre for Agricultural and Rural Development Studies, Tamil Nadu Agricultural University (TNAU) analyzed the prices of coconut and copra in the past 18 years at the Avalpoonthurai Regulated Market of Erode district and Perundurai Cooperative Marketing Society. As per the results of the analysis, the price of good quality coconut during July-August 2019 will be Rs.12-13 per nut. Good quality copra price is expected to be around Rs. 86-88 per kg. The price may be subject to change, based on the arrivals from other states. Hence, farmers are advised to make selling decisions, accordingly.

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