MSP of copra increased

21-Dec-2024 10:27 AM

MSP of copra increased
The increase in the Minimum Support Price (MSP) for copra is a significant development for the 2025 season. Here's a summary:
MSP Hike Details:
Milling copra: Increased by ₹422 per quintal, now ₹11,582 per quintal (3.8% higher than in 2024).
Ball copra: Increased by ₹100 per quintal, now ₹12,100 per quintal (up from ₹11,160 in 2024).
Historical Growth:
MSP for both milling and ball copra has doubled over the past decade, reflecting consistent government efforts to support farmers.
Implementation:
Nodal Agencies: NAFED (National Agricultural Cooperative Marketing Federation of India) and NCCF (National Cooperative Consumers' Federation of India) will oversee copra procurement.
This MSP increase is expected to provide better price assurance for copra farmers, encouraging production and stabilizing market dynamics.