Dump of coconut import in domestic market

The price of imported coconut, which is 50% cheaper than that of local coconut, causes many importers to bring too many coconut stocks to the domestic market. This worries local suppliers and producers as buyers prefer cheaper imported coconut. Although locally sourced coconut is thicker and has more water, buyers prefer cheaper rather than quality. It is feared that too many imported coconuts will affect the local coconut industry in the long term, as they cannot be sold on the domestic market.