छत्रपती संभाजीनगर: Coconut Prices Drop 8-10 Rupees Amidst New Supply, Low Demand

• Coconut prices have dropped by 8-10 rupees per piece due to a large influx of new coconuts from Tamil Nadu, Andhra Pradesh, and Karnataka.
• Reduced demand from a lack of festivals and religious events has also contributed to the fall in coconut prices.
• Retail prices for coconuts have decreased from 28-42 rupees to 22-32 rupees, with wholesale prices for new coconuts now 24-30 rupees.
• The decline in coconut prices is expected to bring down the cost of coconut oil, which had previously seen significant increases.

Why It Matters: Coconut prices are down, offering consumers savings and potentially cheaper oil.