Cochin Oil Merchants Asssociation (COMA) is a 77 yeras old Association with more than 100 members. Th Association is an active forum of coconut Oil trade in the country and the price declared by the Association are followed internationally as the indicative price of Indian Coconut Oil. The prices of coconuts and copra is fixed on the basis of price of coconut oil in the wholesal market. The coconutbased economy in the country is dependant on a single coconut product, ie coconut oil. The association has pioneered futures trade in coconut oil as separate company with fiew to give price stability to coconut related products. One of our key objectives is to contribut to the sustained profitable existances of the all stakeholders in the coconut community-be theya rea farmers, oil Millers or Traders.
Cochin is the leading coconut oil market in the country from time immemorial. Our association is an apex body and represents all segments of Copra. CoconutCoconut Ol and cake Industry in the state . The ogin of the association can be traced to the establishment of OIL MERCHANTS ASSOCIATION in early thirties in Cochin. Shi Adan Hssan (President) and Shri K P Madavan Nair (Freedom Figher of India) Vice President were the chief promoter of the Association During pre independance days when India was an exporter of Coconut Oil to England and other European countrirS, the association organized and controlled trading in ready and forward delivary contracts in coconut oil . Its role in the trade and its arbitration machineries were respected by everyone to whome copra and coconut oil was a subject of intres. Thus everyone to whom copra and coconut oil was a subject interest. Thus our association is the oldest trade body in this sector in our country. The association carried on features trade in coconut oil since the inception and even after independence. In 1960 the Association changed its name to its present one namely "Cochin Oil Merchants Association' so as to register itself under the Comapnies Act. 1956.
The year 2009-210 sae a smart recovery in commodities prices as well as equity markets after witnessing a steep fall in the preceding year. It was quite encouranging that our ountry witnessed fastest recovery than other emerging markets.
We have been takling several initieatives to enhance the servce standards and other best services to our members. The latest being sms alerts on mobile phones to all members. The facility was introduced to give correct market reports made easy and hassle free. Email alerts are also being added. Ww assure you that we shall continue to improve and maintain high standards in the fuure. we confident that this year our industry consisting of AgriFarmers, Growers and millers benefited from seasonal increase in price of coconuts, copra and coconut oil, I wish that with our support and guidance we hall be able to perform better in the years to com
No. C/198 , First Floor , Oil Exchange Buildings Synagogue Lane Jew Town, Mattancherry Kochi- 682002 Kerala
Phone:
0484-2225404,
0484-2226184
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