Cabinet approves Minimum Support Price for Copra for 2020 season

The Cabinet Committee on Economic Affairs has given its approval for the Minimum Support Prices (MSPs) for copra for 2020 season. This is to ensure a return of 50 percent for milling copra and 55 percent for ball copra over the all India weighted average cost of production. The approval is based on recommendations of the Commission for Agricultural Costs and Prices (CACP).

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The MSP for Fair Average Quality (FAQ) of milling copra has been increased to Rs. 9,960/- per quintal for 2020 season from Rs. 9,521/- per quintal in 2019 and the MSP for ball copra has been increased to Rs. 10,300/- per quintal for 2020 season from Rs. 9,920/- per quintal in 2019. This will accrue a benefit of Rs 439/- per quintal in the milling copra and Rs 380/- increase in the Ball Copra.