Farmers in Negamam have stockpiled 4,708 sacks of copra at the regulated market complex, awaiting a price increase. The current price ranges from Rs. 102 to 104 per kilogram.
Coimbatore: Farmers in Negamam and surrounding areas have been stockpiling copra at the Negamam Regulated Market Complex, anticipating a rise in prices. The region is known for its extensive coconut cultivation, with numerous farmers regularly selling their produce at the market complex.
Currently, the price of copra is relatively low, prompting farmers to store their produce at the market complex until prices increase. The present selling price of copra ranges from Rs. 102 to Rs. 104 per kilogram.
According to Jayakrishnan, the supervisor of the market complex, 35 farmers have currently stored 4,708 sacks of copra, each weighing 50 kilograms, at the facility. He stated on September 9 that these farmers plan to sell their stockpiled copra when prices rise significantly.
The Negamam Regulated Market Complex serves as a crucial trading hub for coconut farmers in the region. Many farmers from nearby areas bring their agricultural products, including copra, to this market for sale. The practice of stockpiling during low price periods is a common strategy employed by farmers to maximize their profits.
This situation highlights the challenges faced by coconut farmers in managing price fluctuations and the importance of regulated market complexes in providing storage facilities and fair trading platforms for agricultural produce.
Currently, the price of copra is relatively low, prompting farmers to store their produce at the market complex until prices increase. The present selling price of copra ranges from Rs. 102 to Rs. 104 per kilogram.
According to Jayakrishnan, the supervisor of the market complex, 35 farmers have currently stored 4,708 sacks of copra, each weighing 50 kilograms, at the facility. He stated on September 9 that these farmers plan to sell their stockpiled copra when prices rise significantly.
The Negamam Regulated Market Complex serves as a crucial trading hub for coconut farmers in the region. Many farmers from nearby areas bring their agricultural products, including copra, to this market for sale. The practice of stockpiling during low price periods is a common strategy employed by farmers to maximize their profits.
This situation highlights the challenges faced by coconut farmers in managing price fluctuations and the importance of regulated market complexes in providing storage facilities and fair trading platforms for agricultural produce.