15/01/2016 (Hindu Business Line) - The price of the coconut oil is seen decreasing at Erode markets. “The price of the coconut oil remains at ₹1,220-50 for 15 kg pack for the past six or seven days. There is no buyer for the oil and crushers those who are having adequate stock of coconut oil are ready to sell their stock at the prevailing price,” said RM Palanisamy, an oil trader.

The price of the copra is also declining every day and it was sold at ₹5,600-5,700 a quintal. There were very minimum buyers for the copra. Meanwhile, the price of the palm oil remains at ₹4,650 for the past one month and palm kernel was sold at ₹7,200 a quintal.