Delhi, January 27: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the Minimum Support Price (MSP) of copra for 2021 season.
The MSP for Fair Average Quality (FAQ) of milling copra has been increased, by Rs 375, to Rs 10,335 per quintal for 2021 season from Rs 9,960 per quintal in 2020. The MSP for ball copra has been increased, by Rs 300, to Rs 10,600 per quintal for 2021 season from Rs 10,300 per quintal in 2020. The declared MSP ensures a return of 51.87 percent for milling copra and 55.76 per cent for ball copra over the all-India weighted average cost of production, informed Union Information & Broadcasting Minister Prakash Javadekar after the CCEA meeting.
The approval is based on recommendations of the Commission for Agricultural Costs and Prices (CACP).
The increase in MSP for copra for 2021 season is in line with the principle of fixing the MSP at a level of at least 1.5 times the all India weighted average cost of production which was announced by the Government in the Budget 2018-19, said Javadekar.
It assures a minimum of 50 per cent as margin of profit as one of the important and progressive steps towards making possible doubling of farmers’ incomes by 2022, added Javadekar.
The National Agricultural Cooperative Marketing Federation of India Limited (NAFED) and National Cooperative Consumer Federation of India Limited (NCCF) will continue to act as Central Nodal Agencies to undertake price support operations at the MSP in the coconut growing States.
For 2020 season, Government has procured 5053.34 tonnes of ball copra and 35.58 tonnes of milling copra benefiting 4,896 copra farmers.
