The Rise in Coconut Prices

The Maldives, a popular destination for travelers, are currently facing a rise in the prices of coconuts, despite being a local product. Indeed, the price has increased from 30 cents per unit to over 2 euros, an increase of 600%. In this text, we will explore the reasons for this inflation and the consequences.

The reasons for the price increase of this product

Despite the massive harvesting of coconuts locally, sellers in the capital are struggling to explain this inflation other than by the increase in fuel needed to transport the coconuts. However, this reason is not sufficient to justify a 600% increase in prices. Another possible reason is the approach of Ramadan, a period during which the consumption of this product increases. Nevertheless, even this explanation does not justify such a significant price hike.

The consequences of the coconut price increase

Understanding the reasons for this price increase is crucial to protect the interests of consumers and local producers. It might be considered to increase local production, look for less expensive transportation alternatives, or even encourage consumption at other times of the year to avoid high demand during Ramadan.

In summary, the rise in coconut prices in the Maldives could have significant economic consequences. Finding the reasons and solutions to avoid a negative impact on the local economy is crucial...

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source: la1ere.francetvinfo.fr By Bruno Minas the 11/03/2023 | Picture : sciencesetavenir.fr | editor: Souleymane made on 11/03/2023