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Copra prices increased but coconut oil prices decreased on Friday at the Avalpoondurai Regulated Market Committee here.
Copra prices increased by Rs 100 a quintal. Sellers from Erode, Gobichettipalayam and Pollachi area brought 1,000 quintal (2,000 bags) of copra for sale. Buyers were from various coconut oil crushing belts in Tamil Nadu.
The fine variety copra quoted at Rs 4,410-4,845 and second variety at Rs 3,735-4,575. Both varieties increased by Rs 100, said the farmers.
At the Perundurai Cooperative Marketing society, copra fetched Rs 4,675-4,875, the second grade was sold at Rs 3,360-4,615; all the 590 quintals were sold.
Coconut oil price decreased by Rs 20 for 15-kg loose pack at Rs 980 against Rs 1,000 last week.
He said that the copra price was weak for the past two months and now it started picking up. All copra farmers are also having adequate stock. He said that the present price is not feasible for the farmers.
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