India’s coconut products export to cross ₹2,000 crore in FY19

Image result for India's coconut products export to cross ₹2,000 crore in FY19A higher price realisation of activated carbon in the overseas market has pushed up India’s coconut product exports to cross the 2,000 crore mark in FY19.

The country exported 80,467 tonnes of activated carbon valued at 1123.64 crore till January this year and the total exports in overall products stood at 1812.55 crore. The final figures are yet to be compiled, but it is set to touch the range of 2,100 crore up to March this year.

Activated carbon fetched a price of 140/kg in FY 19 vis-a-vis 100/kg in FY18. The low price of coconut shell seem to have facilitated spiking up of activated carbon rates, which has a high demand in US, UK, Germany, Japan, Korea. The product is mainly used for the purification of gold, water, and air, officials sources in the sector told BusinessLine.

In FY18, the exports of coconut products other than coir and coir products was around 1,800 crore.

According to sources, it was the high price of raw coconuts that made a pause on products exports especially kernel products such as desiccated coconut powder, coconut oil, virgin coconut oil etc. The coconut products exports two years back was 2,300 crore. If the price of raw nuts was lower, the export figure could have crossed the 2,500 crore mark by now, the sources said.

In 2017-18 and 2018-19, the domestic price of raw nuts was three times higher than that of the price in major coconut growing countries and this has affected price competitiveness of India’s coconut product exports. Now the prices have started moving southwards, recording 25-27/kg.

[“source=thehindubusinessline”]

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