Thursday, 25 June 2015

Agri varsity advises coconut farmers to harvest now as prices may fall in 2 weeks

COIMBATORE: Farmers in the state have been advised to harvest and sell coconut and copra immediately since their prices are likely to fall within next two weeks.

Tamil Nadu Agricultural University (TNAU) has informed the farmers that coconut and copra products have already begun arriving from Kerala and will start arriving from Karnataka in July. They predict that the price of coconut will fall by 1,000 to 2000 per tonne and copra by 2 to 4 per kg in the next one month.

The prevailing price of coconut in the government regulated Avalpoondurai market is 23,000 a tonne or 13 to 14 per nut. Copra is priced at 78 to 82 per kg. According to Agro Marketing Intelligence and Business Promotion Centre (AMI & BPC) of TNAU, the prices are likely to fall to 21,000 a tonne for coconuts and 78 to 80 per kg of copra. "The fall in price is because, coconut and copra has already started arriving from Kerala," said a TNAU official.

"They will start arriving from Karanataka from next month, which will cause the prices to fall further," said a statement from the university.

They say the price of copra has already fallen from 100 to 80 per kg in the last three months because of increased availability and slugging demand for coconut oil in the market.

Tamil Nadu has topped the country in coconut production with 4.76 million tonnes last year. It is cultivated across 0.46 million hectares in the state. The coconut producing districts in the state are mainly Coimbatore, Tiruppur, Thanjavur, Dindigul, Kanyakumari, Vellore and Theni.

India is the third largest coconut producer in the world with an area of 2.14 million hectares accounting for a production of 14.91 million tonnes. Tamil Nadu, Kerala and Karnataka are the major producers of coconut contributing 83%, both in total area and production, of the country.

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