India: Government raises copra minimum support price by up to Rs 420/qtl to Rs 12,100/qtl for 2025 season

Published 2024년 12월 20일

Tridge summary

The Indian government has increased the minimum support price (MSP) for copra by up to Rs 420, setting it at Rs 12,100 per quintal for the 2025 season. This decision was made by the Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, and is based on the recommendations of the Commission for Agricultural Costs and Prices. The total budget for this initiative is Rs 855 crore. The National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and the National Cooperative Consumers’ Federation (NCCF) will be the central agencies for copra procurement. This move is expected to provide better returns to coconut growers and encourage more copra production to meet the growing demand for coconut products.

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Original content

New Delhi, Dec 20 (PTI) The government on Friday announced an increase in the minimum support price (MSP) for copra by up to Rs 420 to Rs 12,100 per quintal for 2025 season with a budget outlay of Rs 855 crore. A decision in this regard was taken by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. The support price, which been fixed based on the recommendations of the Commission for Agricultural Costs and Prices (CACP), is for the fair and average quality of milling and ball copra varieties. The total financial implication would be Rs 855 crore. The minister said the MSP has been fixed 50 per cent higher than the cost of production. National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and National Cooperative Consumers’ Federation (NCCF) will be the central nodal agencies for procurement of copra and de-husked coconut under price support scheme (PSS). Copra production remains the highest in Karnataka with 32.7 per ...

Source: Theprint