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Coconut oil manufacturers have stopped crushing copra because of poor sales. However, coconut oil prices continue to zoom. “For the last couple of days, prices have increased and on Friday, it was sold at ₹1,680 for 15 kg loose pack (₹112/kg). But very little quantity was sold as buyers are expecting prices to drop in the next 2-3 days. Coconut oil crushers have stopped crushing because of poor sales,” said R. M. Palanisamy, an oil trader in Erode. Copra prices increased to ₹7,800-8,000 a quintal in the open market. In the Gobichettipalayam Regulated Marketing Committee, copra was sold at ₹7,683-8,193 and the 11.5 tonnes that arrived were sold. At the Avalpoondurai Regulated Market Committee, the first quality was sold at ₹7,605-7,925 , the second quality at ₹5,765-7,775 a quintal.
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