Do Coco Peat Prices Vary During A Year?

Coco Peat as we all know is becoming an important ingredient in farming especially in countries which face the problem of water scarcity. Though mainly it is used to store water, but these days it is used in place of inorganic fertilizers as it is organic example of the same. Since it also helps in holding the soil together, the use of coco peat is increasing with every passing day and its cheap price in the market makes it optimal for use even in the places where it is not mandatory to use.

Though the coco peat is of great beneficial use, it also has some problems associated, just like every other thing that we require in our day to day life. Some of them are:

• Coco peat is not available in each and every part of the globe.
• Though produced from coir hair, it needs to be treated in industry.
• There is fluctuation in the price of coco peat.

Though the first two problems can be solved, but the last one is something that is uncontrollable even with the recent advancement. The price of coco peat goes down in the summers and goes up the hill during the rainy season. This is mainly because of the low productivity that is seen in the market during the monsoon. There is instability in the prices of coco peat throughout the twelve months and certainly this has become important factor overtime for the farmers being dis courage to use it.

There were a lot of efforts made in the concerned field and certainly Boyce has taken it to the next level. Boyce has somehow managed to control the prices though not totally but up to a great extent and it has certainly being benefiting everyone associated with this product. Boyce has strategically developed some of the small initiatives that have helped in the process. During the summers, when the price is reasonably low, Boyce buys the product in excess of the requirement and stores them for the future use. They store it and use them during the monsoon when the prices are high, at an affordable price which not only helps the firm itself but the farmers associated, the workers in the firm as they aren’t unemployed during this time when most of the companies of the related field don’t earn enough to pay the wages. Boyce has not only maintained the end product but the raw material and the whole of supply chain. They have sources coco husk from the local farmers in the southern India from whom they can buy and store it at the time of need.

Though this step may be seen as only way to increase the selling products of the company, but one forgets that the farmers are the ones who are benefited abundantly with this. Storing coco peat safely is a costly affair and certainly it’s not possible for the farmers to afford it and Boyce has certainly came to the rescue.