As we step into January xxxx, there&#xx;s a notable rebound in the Coconut Oil , signaling a recovery from the price crash experienced in previous years. After more than two years, the price of coconuts and Coconut Oil is poised for a significant upturn. Traders attribute this optimistic shift to a decline in production, highlighting the reduced supply as a key factor. While this situation presents challenges for coconut farmers, particularly considering the National Agricultural Cooperative Marketing Federation of India (NAFED) preparing to auction stocked copra, the rising prices offer a glimmer of hope even in Coconut Oil market. Furthermore, the World Bank Commodity Market Outlook in April xxxx foresees a promising year for the coconut market, estimating that the price of Coconut Oil could reach nearly around $xxxx per ton in xxxx. This positive outlook extends to other vegetable oils, anticipating a proportional increase in their prices.
