When this blog posted about urgent need to inform and communicate about agricultural sector, these are the kind of developments one was talking about.
Apparently, there has been a surge in cocnut supply in Karnataka leading to drop in prices at wholesale level. But you guessed it -Consumers continue to pay high prices:
Karnataka faces a coconut conundrum: The prices of coconut have crashed in the wholesale market but it continues to remain overpriced for consumers in the retail market.
With the government yet to wake up to the falling prices, coconut is all set to to make noise in the forthcoming legislature session as lakhs of growers in 27 taluks have been affected. Farmers who used to earn Rs 19,000-20,000 per 1,000 coconuts are now getting a mere Rs 6,000-7,000. In other words, a single coconut costing Rs 20-25 in the wholesale market is now being bought from farmers at Rs 6.
However, the crash hasn’t proved to be beneficial for the end consumer. The price continues to hover around Rs 20 in the retail market in Bengaluru. A medium-sized coconut costs around Rs 16 at a Hopcoms outlet. Ths situation is so bad that wholesalers have been stalling growers from bringing coconuts to the market. Horticulture department officials blame unscrupulous traders for the overpriced coconuts. They are optimistic that prices will plummet in the retail market soon.
Arsikere, Tiptur, Channarayapatna, K R Pet, Kunigal, Turuvekere, Chikkanayakanahalli, Gubbi, Kadur and Tarikere are among the major coconut-growing areas in the state. Plantations are also found in the Malnad and Mysuru regions.