Anaimalai's regulated market conducted its regular Tuesday Copra auction on April 30, attracting 104 farmers who offered 846 sacks.
Coimbatore: The Anaimalai regulated market witnessed its customary weekly copra auction on April 30. This event has become a regular feature every Tuesday, providing a platform for local farmers to sell their produce under a regulated system.
In this week's session, a total of 104 farmers from the Anaimalai area brought 846 sacks of copra for auction. The auction showcased two quality grades of copra, where the top-quality copra, amounting to 348 sacks, fetched a maximum price of Rs. 9,820 per quintal. The second grade, comprising 498 sacks, was sold at a maximum of Rs. 8,369 per quintal. The overall sale amounted to 389.16 quintals of copra, generating a revenue of Rs. 31.13 lakh.
The regulated framework of the Anaimalai copra auction ensures that fair pricing mechanisms are in place, benefiting both the farmers and the buyers by maintaining transparent transaction standards. This local marketplace not only supports the agricultural economy of the region but also serves as a vital component in stabilizing copra prices and offering timely financial returns to the farming community.
In this week's session, a total of 104 farmers from the Anaimalai area brought 846 sacks of copra for auction. The auction showcased two quality grades of copra, where the top-quality copra, amounting to 348 sacks, fetched a maximum price of Rs. 9,820 per quintal. The second grade, comprising 498 sacks, was sold at a maximum of Rs. 8,369 per quintal. The overall sale amounted to 389.16 quintals of copra, generating a revenue of Rs. 31.13 lakh.
The regulated framework of the Anaimalai copra auction ensures that fair pricing mechanisms are in place, benefiting both the farmers and the buyers by maintaining transparent transaction standards. This local marketplace not only supports the agricultural economy of the region but also serves as a vital component in stabilizing copra prices and offering timely financial returns to the farming community.