Coconut oil prices break record; 205 per liter, the highest rate...

Coconut oil prices break record; 205 per liter, the highest rate ever


Highlight:

  • Coconut oil prices soar with petrol.
  • Coconut oil prices have risen after three years.
  • In the first week of February, the price of coconut oil had crossed Rs 200 per liter.

Kochi: Coconut oil prices in Kerala are soaring to an all-time high. The price of a liter of coconut oil is 250 rupees 50 paise. It is three years since the price of coconut oil rose so much. In Kochi, the price of coconut oil has gone up by Rs 350 per quintal. Traders say prices are likely to rise further.

In the first week of February, the price of coconut oil had crossed Rs 200 per liter. There was a slight increase in the following days. The price of branded packaged coconut oil is also on the rise. The sale of coconut oil in combination with other oils is now permitted. The price of such oil has also gone up. Along with this, the prices of palm oil and sunflower oil have also gone up.

Most of the branded coconut oil comes to Kerala from Tamil Nadu. Here too, the price of coconut oil is reported to be rising. In December 2017, the price of coconut oil hit an all-time high. The wholesale price was Rs 165.50. Traders attributed the rise in prices to large-scale stockpiling of copra.

Fuel prices soar

At the same time, in Kerala, not only the price of coconut oil but also the price of fuel is going up. This is the 13th consecutive day that petrol prices have gone up in the state. Petrol price has been hiked by 45 paise. Petrol price has gone up by Rs 3 68 paise in the last 12 days. Today, a liter of petrol costs Rs 92.91.

Diesel prices fell sharply today. Today, a liter of diesel is priced at Rs 86.22, down 75 paise. Diesel prices have been rising for the last 12 days. Diesel price has been hiked by Rs 3, 74 paise so far.

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