17/08/2016 (Hindu Business Line) - The price of the copra and coconut oil increased suddenly on Tuesday. “Coconut oil which was sold below ₹1,200 per 15-kg pack a few days back, increased sharply and was sold at ₹1,350 today. Copra was sold at ₹5,900-6,000 a quintal on supply concerns. This has created a hope with the oil crushers and traders that the price of the coconut oil may increase further,” said RM Palanisamy, an oil trader. Meanwhile, the price of the palm oil also increased to ₹6,040/quintal.