MSP for Copra for 2024 Season

  • Approved by the Cabinet Committee on Economic Affairs chaired by Prime Minister Mr Narendra Modi
  • Approval for the Minimum Support Prices (MSPs) for Copra for the 2024 season
  • The MSP for Fair Average Quality of milling copra has been fixed at Rs.11, 160/- per quintal and for ball copra at Rs.12, 000/- per quintal for the 2024 season.
  • Will ensure a margin of 51.84 per cent for milling copra and 63.26 per cent for ball copra
  • Milling copra is used to extract oil
  • Ball/edible copra is consumed as a dry fruit and used for religious purposes.
  • Kerala and Tamil Nadu are major producers of milling copra.
  • Ball copra is produced predominantly in Karnataka.
  • National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) and National Cooperative Consumers’ Federation (NCCF) will be the Central Nodal Agencies (CNAs) for the procurement of Copra and de-husked coconut under the Price Support Scheme (PSS)
Posted in Current Affairs.