Daijiworld Media Network - Mangaluru/Udupi (MS)
Mangaluru/Udupi, May 13: The price of tender coconut has surged to Rs 60, and it is experiencing a shortage. The limited supply vendors receive in the early morning is exhausted within one or two hours. By around 11 am, vendors have completed their day's business as there are no tender coconuts left to sell.
This steep increase in price is unprecedented. During non-summer days, the rate typically hovers around Rs 25 to 30. Currently, in Kundapur and Udupi, tender coconuts are quoted at Rs 60, while in Mangaluru, the price ranges from Rs 50 to 55.
There are also complaints that vendors are maintaining a profit margin of Rs 20 per tender coconut. Consequently, many consumers are opting for sugarcane juice as an alternative.