Govt Hikes MSP of Milling Copra By Rs 375 Per Quintal, Ball Copra Up Rs 300 Per Qtl
3 years, 10 months ago

Govt Hikes MSP of Milling Copra By Rs 375 Per Quintal, Ball Copra Up Rs 300 Per Qtl

News 18  

The government on Wednesday approved an increase in the minimum support price of milling copra by Rs 375 per quintal and ball copra by Rs 300 per quintal to boost farmers’ income. The MSP for fair average quality of milling copra has been increased to Rs 10,335 per quintal from Rs 9,960 per quintal for 2020 season, while the MSP for ball copra has been increased to Rs 10,600 per quintal from Rs 10,300 per quintal last year. Briefing the Cabinet decision, Information and Broadcasting Minister Prakash Javadekar said the MSP of milling copra is higher by 52 per cent than the production cost, while the support price of ball copra is 55 per cent higher. National Agricultural Cooperative Marketing Federation of India Ltd and National Cooperative Consumer Federation of India Ltd are central nodal agencies to undertake price support operations at the MSP in the coconut growing states.

History of this topic

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3 days, 7 hours ago
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