Centre hikes copra MSP by ₹250-₹300 per quintal for 2024

• The Cabinet Committee on Economic Affairs (CCEA), which met here, has decided to increase the minimum support price (MSP) for copra.

Copra

• Milling copra is used to extract oil, while ball/edible copra is consumed as a dry fruit and used for religious purposes.
• Kerala and Tamil Nadu are major producers of milling copra, whereas ball copra is produced predominantly in Karnataka.
• A higher MSP will not only ensure better remunerative returns to the coconut growers
• It will incentivise farmers to expand copra production to meet the growing demand for coconut products both domestically and internationally
• National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) and National Cooperative Consumers’ Federation (NCCF) will continue to act as Central Nodal Agencies (CNAs) for procurement of copra and de-husked coconut under Price Support Scheme (PSS).

Prelims Takeaway

• National Agricultural Cooperative Marketing Federation of India Ltd.
• Cabinet Committee on Economic Affairs