The Cabinet Committee on Economic Affairs on 6 February 2013 approved increase in the Minimum Support Price (MSP) for 2013 season of both Milling and Ball Copra by 150 rupees per quintal over the MSP that was regulated in 2012.
The MSP for the Fair Average Quality (FAQ) of Milling Copra is fixed at 5250 rupees per quintal, and for the Ball Copra it is 5500 rupees per quintal. The decision from government of India may ignite the interests of the farmers to invest in cultivation of coconut to increase its productivity.
Government also cleared that National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the body that will act as the nodal agency for undertaking the price support operation at the minimum support prices in the coconut growing states.
DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.