01/04/2016 (Hindu Business Line) - Coconut oil prices increased a few days back and again it started decreasing.

“Five days back, the price of the coconut oil was sold at ₹1,040-50 for 15-kg loose pack. Suddenly, the price started decreasingand is sold at ₹1,110 . Such price variations was due to the increase in copra price which is now on the downside and is available at ₹5,100-5,300 a quintal,” said RM Palanisamy, a trader.

The price of the palm oil also increased and the sale of coconut oil was very poor in all the centres.