Summary:
“I will incur losses if I continue to produce desiccated coconut powder in the absence of demand,” he said adding that part of the problem was caused by adulterated desiccated coconut powder. At the height of the crisis, around 90 desiccated coconut powder producing factories in Tumakuru district shut shop leaving around 20,000 workers unemployed. The demand for desiccated coconut powder, which is used in making sweets, chocolates and confectionery, has also fallen. more-inCoconut prices may have dropped from the recent highs of ?40 to around ?25, but desiccated coconut powder factories in Tumakuru are yet to recover from this price shock. Annadana Rangaiah, president of Tiptur taluk Desiccated Coconut Powder Manufacturers’ Association, said that he had to close his factory due to the sudden rise in the price of coconuts..