Coconut prices likely to fall next quarter

Coconut prices are likely to fall next quarter, according to the Ago Market Intelligence and Business Promotion Centre (AMI & BPC) here.
AMIBPC has advised farmers to sell their produce immediately.
In a price advisory to farmers, it said the price of coconut at the farm level is expected to rule around Rs 21,000 to Rs 22,000 a tonne or Rs 12 to Rs 13 a nut and copra price will be in the range of Rs 78 to Rs 80 a kg at Avalpoondurai regulated market between August and September.
Currently, the price of coconut is ruling around Rs 23,000 a tonne or Rs 13 to Rs 14 per nut for average size weighing 550 to 600 gram.

The advisory was based on an econometric analysis of coconut and copra prices at the Avalpoondurai market carried out by AMI and BPC, the Centre for Agricultural and Rural Development Studies.