CCEA approved increase of MSP of Copra for 2013 season by 150 Rupees per Quintal

CCEA revised the MSP of Milling and Ball Copra for 2013 and increased it by 150 rupees per quintal from the previous year’s MSP.

Feb 8, 2013 17:53 IST
facebook IconTwitter IconWhatsapp Icon

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.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप