05/11/2015 (Hindu Business Line) - Coconut oil prices decreased here on Wednesday. “Crushers are shocked over the downtrend which is due to poor demand and decrease in copra prices. Prices were at ₹1,360-1,400 for 15-kg loose pack. The buyers are expecting further downfall and are staying away from the market,” said RM Palanisamy, an oil trader. The copra was sold at ₹6,500-6,700 a quintal.

The coconut price also came down to ₹15,000 a tonne against ₹19,000 a few days back. The price of palm oil remains flat at ₹4,650, but the palm kernel price edged up to ₹7,600. The oil traders expect the price of coconut oil will come down after Diwali.