The month-on-month average of wholesale prices of coconut increased in March, according to the data from the Agmarknet portal, run by the Union Ministry of Agriculture and Farmers Welfare.
The agri-commodity saw an increase of 1.6% to Rs 1,080 per quintal in Goa as of March 6, 2024, from Rs 1,063 in February. In Tamil Nadu, the wholesale coconut prices rose by 1.8% to Rs 2,549 per quintal, and in Karnataka, they surged by a whopping 18.94% to Rs 18,385 per quintal.
Surprisingly, the wholesale prices of coconut fell in several states such as Maharashtra, Rajasthan, Kerala, and Andaman and Nicobar. In Rajasthan, the wholesale rates dropped by 24.7% per quintal to Rs 1,019, and in Andaman and Nicobar, it fell sharply by 25% to Rs 9 per quintal from Rs 12 in February.
Despite these regional variations, the national month-on-month average wholesale price of coconut soared by Rs 352.71 per quintal to Rs 3,959.14.
Notably, there is a growing demand for coconuts in the Indian markets. This versatile fruit offers a variety of products beyond the refreshing drink, we know. Often, its white flesh is shredded in baking, flaked for snacks, or pressed into creamy milk for curries. The fruit is harvested throughout the year.
For those interested in exploring the prices of various crops in their respective state markets, the official website agmarknet.gov.in provides a comprehensive list. Understanding the price dynamics of different crops and their quality assessment is pivotal in navigating market fluctuations for farmers and traders alike.
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