Tender coconut prices shoot up in Mangaluru
The Hindu
Coconut prices surge due to drought, pests, and disease, impacting both retail and wholesale markets in Karnataka and Tamil Nadu.
With four days remaining for the Navrathri festival, coconut and tender coconut prices have shot up in Mangaluru.
If the retail prices of coconut hovered between ₹60 and ₹65 per kg, the wholesale prices stood between ₹52 and ₹55 a kg in the city on Saturday, September 28.
The retail prices of tender coconut varied from ₹60 to ₹65 per nut while the wholesale prices hovered between ₹52 and ₹58 a nut.
It is said to be due to short supply owing to this year’s drought in traditional coconut growing areas in Karnataka and partly in Tamil Nadu, the menace of leaf-eating caterpillars in coconut farms in those areas, and root wilt disease in coconut palms in Tamil Nadu.
S.K. Kusumadhar, president of South Canara Coconut Farmers’ Producer Company Ltd. (FPC), Puttur, said that the FPC was procuring coconut from farmers at ₹47 per k.g. “There is a shortage in the yield across Karnataka this year pushing the prices of both coconut and tender coconut up,” he said.
Mr. Kusumadhar said that the prices have shot up since past week.
He said that coconut commanded ₹22 and ₹23 a kg early this year. Prices began to increase gradually later due to short supply.
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