MSP of Copra for 2015 season

No: ----- Dated: Dec, 02 2014

MSP of Copra for 2015 season

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to increase the Minimum Support Price (MSP) for Fair Average Quality (FAQ) of "Milling Copra" for 2015 season to Rs.5550/- per quintal. This is an increase of Rs.300/- per quintal over the previous year’s MSP. The MSP of "Ball Copra" for 2015 season will be Rs.5830/- per quintal. This is an increase of Rs.330/- per quintal over the previous year’s MSP. The approved prices are as per the recommendations by the Commission for Agricultural Costs and Prices (CACP).

The MSPs of Copra are expected to ensure appropriate minimum prices to farmers and step up investment in coconut cultivation and thereby production and productivity in the country.

The National Agricultural Cooperative Marketing Federation of India Limited (NAFED) would continue to act as the Central Nodal Agency to undertake price support operations at the MSP in coconut growing states.

In addition to NAFED, the Central Warehousing Cooperation (CWC), the National Cooperative Consumer Federation of India Limited (NCCF) and the Small Farmers Agri-Business Consortium (SFAC) are also allowed to participate in procurement operations.