This story is now 2 years old, yet still relevant. It shows clearly that prices for coconuts was moving upwards back then and nothing much has changed since; simply put, supply is still falling behind the increase in demand.
Nothing tender about coconuts, price hits Rs 30 ($0.45)
PK Krishnakumar, TNN Feb 28, 2014, 11.43AM IST
Customers may have to shell out more for quenching their thirst the natural way this summer as a sharp fall in production due to an extended dry spell last year has send tender coconut prices soaring.PK Krishnakumar, TNN Feb 28, 2014, 11.43AM IST
Fresh tender coconuts are being sold for Rs 30 ($0.45) apiece in south India, the chief production region , and are expected to climb up further by April-May when the summer season sets in the northern parts of the country.