NOW, COCONUT PRICES SKYROCKET AS RINGGIT PLUMMETS: HOW MUCH MORE CAN THE RAKYAT SUFFER WHILE NAJIB & CO LUXURIATE IN ‘STOLEN BILLIONS’
JOHOR BARU: Coconuts prices are expected to go up due to the depreciating ringgit and increased demand for the fruit from China and Thailand according to the Federal Agriculture Marketing Authority (Fama).
Its marketing officer Fakhrul Anuwar said the prices for the milk in Johor Baru area had already increased by 30%.
He said most of the coconuts sold in the country was imported from Indonesia, which in recent months had been sending the fruits to China and Thailand.
He said depreciating ringgit may also contribute to the price hike.
Fakhrul said the retail price for coconut milk in the market currently was between RM9 to RM9.50 per kg, while it sold RM8 per kg in November, It was RM7 in October.
He said the coconut prices in October was RM900 per ton and since then had increased to RM1,100 in November, RM1,300 in December.