What percentage increase in coconut prices is expected by Thaipusam?

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Coconut Prices Projected to Rise Up to 40% Ahead of Thaipusam

Coconut prices are anticipated to increase by as much as 40 per cent by the time Thaipusam is observed next Thursday. This surge is attributed to supply shortages stemming from adverse weather conditions experienced over the past few months. Traders are reporting significant price hikes, with some forced to pass on increased costs to consumers.
Price Hikes Across Multiple Locations

In Ipoh, the price of coconuts has risen from the usual RM1.50 to RM1.80, with some vendors like D. Jacob Muthiah of Kedai Jualan Kelapa selling them at RM1.80, a 30 sen increase. Jason Michael of AJJ Maju Entreprise noted a jump from RM1.80 to RM2.50 per coconut. In Penang, prices have climbed from RM1.50 each last year to over RM2 currently.
Market Prices and Trader Expectations

At the Chowrasta market in Penang, coconuts are being sold for RM2.10 to RM2.40. Abdul Buhari Ahmad, a trader at the Pulau Tikus market, is selling coconuts at RM2.50 each, 30 sen above his supplier's cost, and forecasts prices could reach RM3 by the end of the week. The Campbell Street market has coconuts priced between RM2.20 and RM2.50.
Supply Shortages Due to Poor Weather

The price increases are directly linked to a shortage of supply. Suppliers in areas like Bagan Datuk and Sitiawan have reported that heavy rainfall has prevented coconut trees from bearing sufficient fruit. This diminished yield has led to higher purchasing costs for traders, who are then compelled to adjust their selling prices accordingly to cover their expenses.

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What percentage increase in coconut prices is expected by Thaipusam?

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