Introduction
Coconut oil is extracted from copra, the dried kernel
of coconut. Oil content in copra vary from 65 to 72
percent. Coconut oil is an important cooking medium
in southern parts of the country especially in Kerala
and has varied industrial applications in soap, hair
oil and other cosmetic industry.
Global Scenario
- Globally 5.5 million tons of coconuts
are produced annually.
- Indonesia, Philippines and India
are top three leading producers with production share-
27%, 23% and 22% respectively. SriLanka, Mexico, Vietnam,
New Guinea and Brazil are other important producers.
- 3 – 3.5 million tons of coconut
oil is produced annually around the world while consumption
figure globally is around 3.8 million tons.
- Annually around 2 lakh ton raw
copra, 1 lakh ton meal and 3.5 lakh ton coconut oil
is traded worldwide.
Important World Coconut oil
Markets
- Indonesia, Philippines, SriLanka
are important market for coconut and copra
- There is no futures market for
coconut complex outside India
Indian Scenario
- India produces around 12141 million
nuts of coconut, 6.5 – 7 lakh ton of copra
- Oil recovery from copra is 65
- 72%, annually 4 – 4.5 lakh tons of coconut
oil is produced in the country
- SEA of India has forecasted 6.5
lakh tons of copra and 4.2 lakh coconut oil production
in 2005-06.
- The production is highly dependent
on the monsoon and incidence of pest and diseases
and fluctuates between years.
- India imports around 2000
– 7000 tons of crude coconut oil.
Factors Influencing Copra
Markets
- Pests and diseases incidence
- International price movement especially
in Indonesia and Philippines.
- The supply-demand and price scenario
of competitive oils, viz., palmoil.
- Industry is highly specialized
with more retail consumption and less number of institutional
buyers. This restricts the flow of information to
a few traders, who have developed the ability to influence
the prices.
- Though crop is available throughout
the year, it follows a seasonal cycle with the production
peaking after the monsoon.
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