Monsoon Pushes Coconut Oil Back Above ₹300/kg as Copra Prices Soar
What Happened
Coconut oil prices have climbed above ₹300 per kg once again after a brief period of stability. Traders attribute the latest jump to rising prices of coconuts and copra, with dehusked coconut prices increasing from around ₹45/kg to ₹75/kg and copra prices crossing ₹160/kg amid heavy rains.
Key Takeaways
The rise could impact household budgets, especially in southern India where coconut oil is widely used. While Kerala's state-run Kerafed says it has sufficient stocks and no immediate plans to raise prices, several private brands continue selling coconut oil at around ₹320 per litre.