Mexico: Coconut grocery stores optimistic due to unusual increase in prices

Published 2021년 6월 1일

Tridge summary

Coconut pulp producers in Armería, Colombia, are experiencing a profitable season due to a sudden price increase to 28 or 29 pesos per kilo, a 30% rise from the previous 23 or 24 pesos. This unexpected change, which happened on May 27, has surprised the producers but is welcomed as it provides a good margin for both the producers and the grocers. The price increase is also beneficial for coco-growers as it leads to higher income from the sale of their raw material. However, the producers face a challenge of insufficient raw material supply, as many coconut farmers in the area focus on selling water instead of the coconut byproduct. Therefore, they plan to continue sourcing part of the coconut ball needed from Guerrero, a neighboring state.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Martín Padilla Govea, producer of coconut pulp in the boning and peeling yard, assured that for the "pulperos" this is a good season because the prices have been profitable since it sells between 28 or 29 pesos per kilo, although it could go up to the 30 pesos, an increase of 30% considering that it was quoted between 23 and 24 pesos. He said that this rebound took coconut pulp producers by surprise since it occurred suddenly from this Thursday, May 27, when the price did not exceed 26 pesos for years. "We hope that the behavior of the market will continue like this and that this price will be maintained or that we will even reach 30 pesos, which would be something historic," he said. Padilla Govea explained that the coco ball was being bought for between 4.50 and 5 pesos, but with that price of the pulp, now the ball is sold between 7.50 and 8 pesos. "In any case, we will have a good margin if we continue to sell at this price that was given on Thursday." For the producer, the ...

Source: Inforural