CCEA grants approval for MSP of Copra for 2022 season

The entire decision was made after paying heed to the recommendations of the Commission for Agricultural Costs and Prices (CACP)

The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the Minimum Support Price (MSP) of Copra for 2022 season. The Committee was chaired by the Prime Minister, Narendra Modi.

The entire decision was made after paying heed to the recommendations of the Commission for Agricultural Costs and Prices (CACP). Which makes it sure that the 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.

The MSP for Fair Average Quality (FAQ) of milling copra has been increased to Rs 10,590/- per quintal for 2022 season from Rs 10,335/- per quintal in 2021 and the MSP for ball copra has been increased to Rs 11,000/- per quintal for 2022 season from Rs 10,600/- per quintal in 2021. All of it will make a return of 51.85 per cent for milling copra and 57.73 per cent for ball copra over the all India weighted average cost of production.

The increase in MSP for copra for 2022 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 as announced by the Government in the budget 2018-19.

The National Agricultural Cooperative Marketing Federation of India Limited and National Cooperative Consumer Federation of India Limited will continue to act as Central Nodal Agencies to undertake price support operations at the MSP in the coconut growing State.

The entire decision was made after paying