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breaking news Government raises copra minimum support price


“The MSP for fair average quality of milling copra has been set at Rs 10,860 per quintal and for ball copra at Rs 11,750 per quintal for the 2023 season. This is an increase of Rs 270 per quintal. quintal for milling copra and Rs 750 per quintal for copra bale compared to the previous season,” the statement said.

The government has increased the minimum support price (MSP) of milling copra by Rs 270 per quintal and of baled copra by Rs 750 per quintal.

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved minimum support prices (MSP) for copra for the 2023 season, according to an official statement.

The approval is based on the recommendations of the Commission on Agricultural Costs and Prices (CACP) and the opinions of the major coconut producing states.

“The MSP for fair average quality of milling copra has been set at Rs 10,860 per quintal and for ball copra at Rs 11,750 per quintal for the 2023 season. This is an increase of Rs 270 per quintal. quintal for milling copra and Rs 750 per quintal for copra bale compared to the previous season,” the statement said.

This would ensure a margin of 51.82 percent for mill copra and 64.26 percent for ball copra over the weighted average cost of production for all India.

The announced MSP for copra for the 2023 season is in line with the principle of fixing the MSP at a level of at least 1.5 times the weighted average production cost for all India as announced by the government in the 2018 budget -19.

The National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and the National Cooperative Consumers’ Federation (NCCF) will continue to act as central nodal agencies (CNAs) for the procurement of copra and shelled coconuts in the price support program (PSS).


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