Kochi: Government intervention has prevented an uncontrolled surge in coconut oil prices in Kerala during the Onam season. While prices were expected to cross ₹520 per litre during the festival, the government’s decision to distribute coconut oil at a subsidised rate of ₹349 acted as a market stabiliser.

The price of the subsidised Sabari brand was further reduced to ₹339, leading to other brands in the open market being sold at nearly ₹400 per litre.

Coconut oil sales typically double in Kerala during the Onam season. However, the steep rise in prices has hit the state-run co-operative Kerafed the hardest. Having procured copra at record prices, Kerafed is selling coconut oil under its Kera brand at ₹445 per litre, even in Supplyco outlets — making it less attractive to buyers compared to cheaper alternatives.

Meanwhile, the price of pure coconut oil, which had touched ₹480 per litre earlier, has now eased to the ₹380–390 range.

ADVERTISEMENT

TAGS

Google News Add as a preferred source on Google
Disclaimer: Comments posted here are the sole responsibility of the user and do not reflect the views of Onmanorama. Obscene or offensive remarks against any person, religion, community or nation are punishable under IT rules and may invite legal action.