Live Spot Prices
Lead ( MCX ) 151.45 | Aluminium ( MCX ) 133 | Cardamom ( MCX ) 1130 | Crude Oil ( MCX ) 3170 | Guar Seed ( NCDEX ) 3930 | Soya Bean ( NCDEX ) 3180 | Turmeric ( NCDEX ) 7436
 
Drought in Karnataka affects Coconut plantation
Commodity Online | August 11 2017
UPDATED 10:51:00 IST

MCX reports Rs. 10,498.39 crore in daily turnover

MCX Cardamom Sep17 gains by 8.77% for the week; Mentha Oil Aug17 up 9.72%

Crude Oil to trend lower today

Top 3 Things to know in Commodity Markets today

Huge carryover stock may cap sharp gain in Soybean

Indian farmers have suffered a lot from the excess rain causing flood and also drought which has caused damage for kharif crops such as Cotton, Sugarcane, Paddy etc and now one more commodity Coconut is added to the group.

With the consecutive drought season in the major Coconut growing area of Karnataka, Coconut trees on about 60 percent of the total 10000 hectares Coconut plantation have died.

There was no or very little rain in this region for the past 2 to 3 years and groundwater has depleted. A Coconut tree gives tender Coconuts every quarter, and each tree yields about 60-70 coconuts.

Farmers are worried about the tree because the majority of the damaged trees are about 8 to 20 years old, which again has a life span of at least 50 years. Not like the other crop such as Paddy which is only a one time loss and can be grown on short span of time unlike Coconut, it takes at least 7 years to grow and give yield.

Commodity Arrivals Rate
Mustard Oil 13.58 8978.00
Coconut Oil NR 16900.00
Arecanut 4 2700.00
Sugar NR 4550.00

More

×