The Cabinet Committee on Economic Affairs, chaired by the Prime Minister
Shri Narendra Modi, has given its approval for the Minimum Support Price
(MSP) for Fair Average Quality (FAQ) of "Milling Copra" to Rs.6500/- per
quintal for 2017 season from Rs. 5950/-per quintal in 2016. The MSP for
FAQ of "Ball Copra" has been increased to Rs.6785/- per quintal for 2017
season from Rs. 6240/- per quintal in 2016.
The MSP of Copra is expected to ensure appropriate minimum prices to the
farmers and step up investment in Coconut cultivation and thereby
production and productivity in the country.
The approval is based on recommendations of Commission for Agricultural
Costs and Prices (CACP). CACP, which is an expert body, takes into
account the cost of production, trends in the domestic and international
prices of edible oils, overall demand and supply of copra and coconut
oil, cost of processing of copra into coconut oil and the likely impact
of the recommended MSPs on consumers, while recommending the MSPs.
The National Agricultural Cooperative Marketing Federation of India
Limited (NAFED) and National Cooperative Consumer Federation of India
Limited (NCCF) would continue to act as Central Nodal Agencies to
undertake price support operations at the Minimum Support Prices in the
Coconut growing states.