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Thursday / November 21. 2024

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HomePosts Tagged "copra"
AgroPolicy, Horticulture, India

Approval is based on recommendations of the Commission for Agricultural Costs and Prices and views of major coconut growing states.

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved Minimum Support Prices (MSPs) for copra for the 2023 season.  The approval is based on recommendations of the Commission for Agricultural Costs and Prices and views of major coconut-growing states.

The MSP for Fair Average Quality of milling copra has been fixed at Rs 10860 per quintal and for ball copra at Rs 11750 per quintal for the 2023 season.  This is an increase of Rs 270 per quintal for milling copra and Rs 750 per quintal for ball copra over the previous season.  This would ensure a margin of 51.82 per cent for milling copra and 64.26 per cent for ball copra over the all India weighted average cost of production.  The announced MSP of copra for the 2023 season is in line with the principle of fixing the MSP at a level of at least 1.5 times all India weighted average cost of production as announced by the Government in the Budget 2018-19.

It is one of the important and progressive steps towards ensuring better remunerative returns to the coconut growers and improving their welfare substantively.

National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) and the National Cooperative Consumers’ Federation (NCCF) will continue to act as Central Nodal Agencies (CNAs) for the procurement of copra and de-husked coconut under the Price Support Scheme (PSS).

Approval is based on recommendations of the

AgroPolicy

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