Landing of 2,000 tonne of palm oil at the Kochi port has not eased the coconut oil market and surprisingly the futures market for the oil was indicating a firming up in the coming months. A stay order from the Kerala High Court enabled the importers to land palm oil at Kochi and more quantity is expected in the days to come. The directorate general of foreign trade had stopped palm oil imports at Kochi port some weeks ago,.
Prices at the futures market have gone up in the past two days with the active November contract quoting at Rs 4,630 a quintal on Wednesday as against Rs 4585 a quintal on Monday.
