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Market Analysis (Coconut)
Price and price variations of coconut oil
Coconut oil prices were on the decline and one of the main reasons for this price fall was the uncontrolled import of palm oil and other edible oils which are good substitutes to coconut oil.
International prices coconut oil are far below the domestic prices. The difference in coconut oil price in between domestic and international makes a negative impact on domestic market. In the international market, crude coconut oil is available at around Rs 21,000 a tonne and when it was refined it could be sold at Rs 25,000 per tonne. The ruling domestic price of coconut oil ranged between Rs 45,000 and Rs 48,000 per MT in may 2006.
Since the price of coconut oil in the international market is much lower than the domestic price, the quality and attractiveness of consumer packs are important factors to compete in the world market.
Average market price of coconut oil in domestic and international markets during 1995 to 2006
| Year |
Domestic (US $per MT) |
International (Phil / Indo, CIF Rott. (US $per MT) |
|---|---|---|
1995 |
1065 |
670 |
1996 |
1258 |
752 |
1997 |
1448 |
657 |
1998 |
1067 |
658 |
1999 |
1265 |
738 |
2000 |
766 |
450 |
2001 |
657 |
318 |
2002 |
896 |
421 |
2003 |
1261 |
467 |
2004 |
1450 |
661 |
2005 |
1233 |
617 |
2006 |
1043 |
580 |
The following table shows the monthly average price of Coconut oil at Kochi market during 2002 to 2006.
Monthly Average price of Coconut oil at Kochi market |
|||||
|---|---|---|---|---|---|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
January |
3706 |
5451 |
6306 |
7280 |
4536 |
February |
3604 |
5709 |
|
7198 |
4965 |
March |
3398 |
5543 |
6193 |
6199 |
4753 |
April |
3801 |
5361 |
5985 |
5763 |
4735 |
May |
3874 |
5177 |
6219 |
5394 |
4851 |
June |
4323 |
5037 |
6736 |
5539 |
4853 |
July |
4607 |
5536 |
6740 |
5212 |
4566 |
August |
4716 |
5886 |
7009 |
5154 |
4810 |
September |
4554 |
6286 |
6680 |
5125 |
5073 |
October |
4637 |
6664 |
6753 |
4862 |
5510 |
November |
5476 |
6950 |
7077 |
4864 |
5462 |
December |
5525 |
6754 |
7224 |
4765 |
5474 |
NT - No Transaction |
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The following line chart shows the monthly average price of coconut oil at Kochi market during 2002 to 2006.
The following table shows the monthly average price of Coconut oil at Aleppey market during 2002 to 2006.
Monthly Average price of Coconut oil at Aleppey market |
|||||
|---|---|---|---|---|---|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
January |
3710 |
5450 |
6347 |
7285 |
4544 |
February |
3605 |
5691 |
6203 |
7207 |
4952 |
March |
3418 |
5579 |
6160 |
6188 |
4763 |
April |
3693 |
5355 |
5997 |
5778 |
4729 |
May |
3721 |
5204 |
6190 |
5438 |
4839 |
June |
4166 |
4995 |
6733 |
5557 |
4883 |
July |
4612 |
5527 |
6733 |
5208 |
4558 |
August |
4709 |
5864 |
7004 |
5158 |
4823 |
September |
4562 |
6271 |
6699 |
5131 |
5096 |
October |
4597 |
6668 |
6750 |
4855 |
5096 |
November |
5455 |
6950 |
7056 |
4871 |
5533 |
December |
5545 |
6749 |
7210 |
4794 |
5483 |
The following line chart shows the monthly average price of Coconut oil at Aleppey market during 2002 to 2006.
The following table shows the monthly average price of Coconut oil at Kozhikode market during 2002 to 2006.
Monthly Average price of Coconut oil at Kozhikode market |
|||||
|---|---|---|---|---|---|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
January |
3909 |
5562 |
6352 |
7184 |
4703 |
February |
3787 |
5833 |
6448 |
7342 |
4,885 |
March |
3651 |
5739 |
6359 |
6323 |
4730 |
April |
3903 |
5464 |
6241 |
6113 |
4749 |
May |
3944 |
5259 |
6477 |
5568 |
4709 |
June |
4434 |
5181 |
6838 |
5546 |
4836 |
July |
4854 |
5936 |
6793 |
5296 |
4657 |
August |
4763 |
5933 |
7040 |
5154 |
5151 |
September |
4690 |
6250 |
6633 |
4907 |
5197 |
October |
4604 |
6874 |
6923 |
4772 |
5197 |
November |
5535 |
6945 |
7196 |
4780 |
5482 |
December |
5512 |
6689 |
7158 |
4756 |
5474 |
The following line chart shows the monthly average price of Coconut oil at Kozhikode market during 2002 to 2006.
The following table shows the monthly average price of Milling Copra at Kochi market during 2002 to 2006.
Monthly Average price of Milling Copra at Kochi market |
|||||
|---|---|---|---|---|---|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
January |
2452 |
3610 |
4151 |
4900 |
3119 |
February |
2387 |
3793 |
NT |
4954 |
3298 |
March |
2260 |
3720 |
4050 |
4303 |
3178 |
April |
2521 |
3583 |
3971 |
3897 |
3139 |
May |
2568 |
3465 |
4112 |
3679 |
3210 |
June |
2852 |
3280 |
4442 |
3639 |
3197 |
July |
3034 |
3619 |
4437 |
3383 |
3040 |
August |
3097 |
3856 |
4600 |
3358 |
3268 |
September |
2986 |
4119 |
4382 |
3344 |
3396 |
October |
3047 |
4357 |
4427 |
3297 |
3648 |
November |
3598 |
4552 |
4851 |
3233 |
3620 |
December |
3648 |
4438 |
4948 |
3228 |
3639 |
The following line chart shows the monthly average price of milling copra at Kochi market during 2002 to 2006.
The following table shows the monthly average price of Milling Copra at Aleppey market during 2002 to 2006.
Monthly Average price of Milling Copra at Aleppey market |
|||||
|---|---|---|---|---|---|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
January |
2588 |
3744 |
4070 |
4788 |
3150 |
February |
2555 |
3925 |
4143 |
4851 |
3272 |
March |
2470 |
3833 |
4253 |
4032 |
3070 |
April |
2544 |
3700 |
4111 |
3851 |
3120 |
May |
2577 |
3537 |
4267 |
3625 |
3095 |
June |
2891 |
3391 |
4608 |
3584 |
3088 |
July |
3241 |
3673 |
4577 |
3466 |
2992 |
August |
3140 |
3914 |
4705 |
3410 |
3231 |
September |
3163 |
4144 |
4497 |
3179 |
3337 |
October |
3176 |
4524 |
4697 |
3177 |
3337 |
November |
3738 |
4724 |
4875 |
3183 |
3652 |
December |
3745 |
4457 |
4893 |
3187 |
3680 |
The following
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