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Cabinet okays MSP for Copra for 2025 season

By TIOL News Service

NEW DELHI, DEC 21, 2024: THE Cabinet Committee on Economic Affairs has given its approval for the Minimum Support Price (MSP) for copra for 2025 season. 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. Accordingly, MSP for Fair Average Quality of milling copra has been fixed at Rs 11582/- per quintal and for ball copra at Rs 12100/- per quintal for 2025 season.

The Government has increased MSP for milling copra and ball copra from Rs 5250 per quintal and Rs 5500 per quintal for the marketing season 2014 to Rs 11582 per quintal and Rs 12100 per quintal for the marketing season 2025, registering a growth of 121 percent and 120 percent, respectively.

A higher MSP will not only ensure better remunerative returns to the coconut growers but also incentivize farmers to expand copra production to meet the growing demand for coconut products both domestically and internationally.

National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) and National Cooperative Consumers' Federation (NCCF) will continue to act as Central Nodal Agencies (CNAs) for procurement of copra and de-husked coconut under Price Support Scheme (PSS).


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