Tiptur, July 28, 2025: The APMC in Tiptur, Karnataka, held a successful online auction for Copra (Kobbari) today, with prices soaring to a peak of ₹28,000 per lot. This substantial rise in prices underscores the robust demand for the crop. Throughout the event, the minimum bid was set at ₹25,000, while the modal price came in at ₹26,500, with 323 lots changing hands. The bustling market activity brought in 1,769 quintals of Copra (Kobbari), translating to an impressive 4,116 bags, contributing to a prosperous day for local farmers.
High Demand Drives Prices
The online tender platform, introduced as a significant measure to enhance agricultural marketing efficiency, has successfully facilitated competitive pricing for Tiptur's high-quality coconuts, renowned for their size and oil yield. Officials from the Agricultural Produce Marketing Committee (APMC) reported that the platform's transparency and convenience drew traders from various regions of Karnataka and further afield. This digital system has been instrumental in ensuring equitable pricing for the commodity, ultimately benefiting the local farming community through immediate payments and real-time market updates. A spokesperson for the APMC stated, "The revolutionary online tender mechanism has transformed the landscape of trade, providing farmers with enhanced financial returns and offering buyers dependable access to superior quality produce."
Boost for Local Farmers
The strong performance in the coconut market is set to enhance the earnings of Tiptur's coconut farmers, a significant coconut-producing region in Karnataka. An impressive 1,769 quintals of coconuts were recently traded, instilling optimism among the agricultural community regarding continued high demand. The local Agricultural Produce Market Committee (APMC) has been instrumental in this positive development by implementing modernization efforts, such as transitioning to online trading platforms and ensuring price transparency. These initiatives are in line with the broader agricultural marketing reforms undertaken by the Karnataka government to empower farmers with information for better decision-making regarding the sale and timing of their produce. Looking ahead, the upcoming tender is projected to sustain this ascending trend, with officials vigilantly tracking supply and demand dynamics to safeguard the market's stability.
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