Cabinet Increases MSP for Copra to Rs 12,100 per Quintal
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New Delhi, Dec 20 (NationPress) The Cabinet Committee on Economic Affairs has announced a rise in the Minimum Support Price (MSP) for fair average quality milling copra to Rs 11,582 per quintal and for ball copra to Rs 12,100 per quintal for the 2025 marketing season, as per an official statement.
This increase aligns with the government's commitment that ensures MSP for crops is set at a minimum of 1.5 times the all-India weighted average cost of production, the statement elaborated.
According to the statement, the Government has raised MSP for milling copra and ball copra from Rs 5,250 and Rs 5,500 per quintal for the marketing season of 2014 to Rs 11,582 and Rs 12,100 per quintal for the marketing season of 2025, marking an increase of 121 percent and 120 percent, respectively.
This elevated MSP is expected to provide enhanced returns to coconut farmers and encourage them to boost copra production to satisfy the increasing demand for coconut products both within the country and abroad, the statement added.
The National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and the National Cooperative Consumers’ Federation (NCCF) will continue to function as Central Nodal Agencies (CNAs) for procuring copra and de-husked coconut under the Price Support Scheme (PSS), the statement noted.
The primary goal of the Centre's procurement initiative is to guarantee that farmers receive profitable prices while ensuring that distribution to consumers, particularly the underprivileged sections of society, occurs at reasonable rates.
The Centre also maintains a buffer stock to ensure food security and price stability. The government similarly provides price support for paddy, coarse grains, and wheat through the Food Corporation of India (FCI) and state agencies.
All food grains (wheat and paddy) that meet the specified criteria and are offered for sale at designated centers are acquired by public procurement agencies at the Minimum Support Price (MSP), which includes any announced bonuses. Farmers have the choice of selling their produce to the FCI/state agencies at MSP or in the open market, depending on what is more beneficial for them.
