Marico Says Copra Prices Have Eased About 35% From Their Peak

Marico has reported that prices of copra, the dried coconut kernel used in its edible oil and hair care businesses, have declined roughly 35% from their recent high. The easing in raw material costs is expected to support the company's margins. Lower input costs can help offset pressures elsewhere in the portfolio and give the company more room in pricing decisions. The article provided no further detail on timing or future price trends beyond this observation.