The government has increased the minimum support price (MSP) of copra to Rs 422, fixing the new price at Rs 12,100 per quintal for the 2025 season. This increase entails an economic outlay of Rs 855 crore.

The decision, approved by the Cabinet Committee on Economic Affairs (CCEA) under the leadership of Prime Minister Narendra Modi, includes an increase of Rs 422 for ‘copra grinding’, taking the price to Rs 11,582 per quintal, while the MSP for “ball”. copra’ has been increased by Rs 100 to Rs 12,100 per quintal for the 2025 season, as confirmed by Information and Broadcasting Minister Ashwini Vaishnaw.

The MSP, based on the recommendations of the Commission on Agricultural Costs and Prices (CACP), applies to the fair and average quality of both ground and ball copra varieties. The total financial impact of the decision is estimated at Rs 855 crore.

The MSP has been set at 50 percent above the cost of production, and procurement will be done by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and the National Cooperative Consumers’ Federation (NCCF) under the Price Support Scheme (PSS). ).

Karnataka is the largest producer of copra, accounting for 32.7% of the country’s total production, followed by Tamil Nadu (25.7%), Kerala (25.4%) and Andhra Pradesh (7.7%).

The government stated that the increase in MSP will provide better returns to coconut farmers and encourage them to increase production to meet the rising domestic and international demand for coconut products. The copra season in India usually runs from January to April.

A higher MSP will not only ensure better remunerative returns to coconut farmers but will also incentivize 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 desiccated coconut under the price support scheme (PSS).