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The government has increased the minimum support price (MSP) of copra by up to Rs 422, setting the new price at Rs 12,100 per quintal for the 2025 season. This increase entails a financial outlay of Rs 855 million.
The decision, approved by the Cabinet Committee on Economic Affairs (CCEA) under the leadership of Prime Minister Narendra Modi, includes an increase of Rs 422 for “grinding copra”, taking the price to Rs 11,582 per quintal, while that the MSP for “copra de pelota” copra” has been increased by Rs 100 to Rs 12,100 per quintal for the 2025 season, the minister of Information and Broadcasting, Ashwini. Vaisnaw.
The MSP, based on the recommendations of the Commission on Agricultural Costs and Prices (CACP), applies to fair and medium quality of milling and ball copra varieties. The total financial impact of the decision is estimated at Rs 855 crore.
The MSP has been fixed at 50 per cent above the cost of production, and the procurement will be handled by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and the National Cooperative Consumer Federation (NCCF) in the framework of the Price Support Plan (PSS). ).
Karnataka is the largest producer of copra, accounting for 32.7 percent of the country’s total production, followed by Tamil Nadu (25.7 percent), Kerala (25.4 percent) and Andhra Pradesh (7.7 percent). hundred).
The government claimed that the increase in MSP will provide better returns to coconut farmers and encourage them to boost production to meet the growing domestic and international demand for coconut-based products. The copra season in India usually runs from January to April.
A higher MSP will not only ensure better remunerative returns to coconut farmers but will 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 Consumer Federation (NCCF) will continue to act as Central Nodal Agencies (CNA) for procurement of copra and dehusked coconut under the Sustainment Scheme of Prices (PSS).
