The government on Wednesday approved an increase in the minimum support price (MSP) of milling copra by Rs 375 per quintal and ball copra by Rs 300 per quintal to boost farmers' income.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for the minimum support prices (MSPs) of copra for 2021 season.
The MSP for fair average quality (FAQ) of milling copra has been increased to Rs 10,335 per quintal from Rs 9,960 per quintal for 2020 season, while the MSP for ball copra has been increased to Rs 10,600 per quintal from Rs 10,300 per quintal last year.
Briefing the Cabinet decision, Information and Broadcasting Minister Prakash Javadekar said the MSP of milling copra is higher by 52 per cent than the production cost, while the support price of ball copra is 55 per cent higher.
