Price Control Mechanism  to Regulate Coconuts Prices

The main reason behind the coconut price hike  was  mainly due to an incorrect statement made by a Parliamentarian recently. Based on this statement, the prices of coconuts had  been increased artificially, said Chairman of the Coconut Cultivation Board (CCB) Kapila Yakandawala.

He further  said, that he proposed to introduce  a price mechanism, which is fair by the farmers, traders as well as the consumers.

Now the Coconut price in the market is being sold between Rs 75  and Rs 100. Consumers cannot afford to buy at these prices. Hence, the need arise to safeguard innocent consumers from black market vendors who were selling at higher prices.

According to the mechanism coconut should be priced between 70-75 rupees and that stringent action would be taken against those selling over these prices.

A permanent price index, depicting the maximum retail price for coconuts, will be introduced in the near future, the Coconut Cultivation Board (CCB) stated yesterday.

CCB Chairman Kapila Yakandawala said the price index would be announced shortly .