Cabinet Raises Copra MSP By Upto Rs 420 Per Quintal For 2025 Season
While the MSP for ball copra has been raised to Rs 12,100 per quintal, the same for milling copra has been fixed at Rs 11,582 per quintal.
The Cabinet Committee on Economic Affairs on Friday approved the minimum support price for copra for 2025 season. The MSP for ball copra has been raised by up to Rs 420 to Rs 12,100 per quintal.
The MSP for fair average quality of milling copra has been fixed at Rs 11,582 per quintal, Union Minister Ashwini Vaishnaw added, while briefing the press following the Cabinet meeting.
In order to provide remunerative prices to the cultivators, government had announced in the Union Budget of 2018-19, that MSP of all the mandated crops will be fixed at levels of at least 1.5 times of all-India weighted average cost of production.
Vaishnaw highlighted that the government has increased MSP for milling copra and ball copra from Rs 5,250 per quintal and Rs 5,500 per quintal for the marketing season 2014 to Rs 11,582 per quintal and Rs 12,100 per quintal for the marketing season 2025, registering a growth of 121% and 120%, respectively.
"A higher MSP will not only ensure better remunerative returns to the coconut growers but also incentivise farmers to expand copra production to meet the growing demand for coconut products both domestically and internationally," the minister further said.
National Agricultural Cooperative Marketing Federation of India Ltd. or NAFED and National Cooperative Consumers’ Federation or NCCF will continue to act as central nodal agencies for procurement of copra and de-husked coconut under price support scheme.
