CosmicTaco

Government Hikes Copra MSP for 2025

CosmicTaco · 2024-12-20T22:02:10.018318+05:30

- The government has increased the minimum support price (MSP) for copra by up to ₹420 to ₹12,100 per quintal for 2025, with a budget outlay of ₹855 crore. - The Cabinet Committee on Economic Affairs, chaired by PM Modi, approved the hike to ensure better returns for coconut growers and incentivize production. - Nafed and NCCF will act as central nodal agencies for copra procurement under the Price Support Scheme. Source: [The Hindu](https://www.thehindu.com/business/agri-business/copra-msp-hike-cabinet-committee-december-20-2024/article69009969.ece), [The Economic Times](https://economictimes.indiatimes.com/news/economy/agriculture/cabinet-approves-minimum-support-price-for-copra-for-the-2025-season/articleshow/116509276.cms)

The government has increased the minimum support price (MSP) for copra by up to ₹420 to ₹12,100 per quintal for 2025, with a budget outlay of ₹855 crore.
The Cabinet Committee on Economic Affairs, chaired by PM Modi, approved the hike to ensure better returns for coconut growers and incentivize production.
Nafed and NCCF will act as central nodal agencies for copra procurement under the Price Support Scheme.

Source: The Hindu, The Economic Times