Union Cabinet has approved an increase in the Minimum Support Price (MSP) for Copra by more than Rs.2000 per quintal for 2019 season.
Recent development:
The MSP for Fair Average Quality (FAQ) of "Milling Copra" has been increased to Rs.9521/- per quintal for 2019 season from Rs. 7511/-per quintal in 2018 and the MSP of "Ball Copra" has been increased to Rs.9920/- per quintal for 2019 season from Rs. 7750/- per quintal in 2018.
The MSP of Copra is expected to ensure appropriate minimum prices to the farmers and step up investment in Coconut cultivation and thereby production and productivity in the country.
The approval is based on recommendations of Commission for Agricultural Costs and Prices (CACP), an expert body.
The National Agricultural Cooperative Marketing Federation of India Limited (NAFED) and National Cooperative Consumer Federation of India Limited (NCCF) would act as Central Nodal Agencies to undertake price support operations at the MSP in the Coconut growing states.
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