NewsIndia

Despite a significant drop in coconut prices, middlemen in southern Kerala are selling them at inflated rates, causing financial strain on consumers. The price of green coconuts has decreased from 78 rupees per kilogram to 42 rupees.

Coconut prices have dropped significantly in Kerala, affecting both farmers and traders. The price of dried coconut has fallen to 52 rupees per kilogram. Copra prices have also seen a decline, dropping from 200 rupees to 150 rupees per kilogram.

The price of coconut oil has decreased from over 500 rupees per liter to 260 rupees. Farmers are facing a severe financial crisis due to the price drop. In northern Kerala, the price of green coconuts is around 40-42 rupees per kilogram, while in southern districts it is sold for 65-70 rupees.

The government is being urged to intervene to stabilize prices and support farmers. Increased production in Tamil Nadu has contributed to the price drop in Kerala. Export disruptions to the Gulf due to regional conflicts have affected coconut availability.

The current heatwave has led to a sudden increase in coconut supply in the market. Middlemen are reportedly exploiting price differences between northern and southern Kerala.