Centre increases minimum support price for copra

The Cabinet Committee connected Economic Affairs, present connected Friday, decided to summation the Minimum Support Price (MSP) for copra for 2026 marketplace season. The MSP for just mean prime of milling copra has been fixed astatine ₹ 12,027 per quintal and for shot copra astatine ₹12,500 per quintal. The caller complaint is an summation of ₹445 per quintal for milling copra and ₹400 per quintal for shot copra implicit the erstwhile season.

The Union Government said successful a merchandise that it has accrued MSP for milling copra and shot copra from ₹5,250 per quintal and ₹5,500 per quintal for the selling play 2014 to the contiguous MSP, registering a maturation of 129% and 127%, respectively. The authorities maintained that MSP of each the mandated crops volition beryllium fixed astatine levels of astatine slightest 1.5 times of each India weighted mean outgo of production.

“A higher MSP volition not lone guarantee amended remunerative returns to the coconut growers but besides incentivise farmers to grow copra accumulation to conscionable the increasing request for coconut products some domestically and internationally,” the Centre said adding that the National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) and National Cooperative Consumers’ Federation (NCCF) volition proceed to enactment arsenic Central Nodal Agencies (CNAs) for procurement of copra nether Price Support Scheme (PSS).