Minimum Support Price (MSP) for Copra for 2022 Season Announced

KOCHI:
The MSP for Fair Average Quality (FAQ) of milling copra has been increased to Rs10,590/- per quintal for 2022 season from Rs.10,335/- per quintal in 2021 and the MSP for ball copra has been increased to Rs.11,000/- per quintal for 2022 season from Rs.10,600/- per quintal in 2021. The revision in the Minimum Support Prices (MSPs) for copra for 2022 season is approved by the Cabinet Committee on Economic Affairs chaired by the Prime Minister Narendra Modi.

The decision is based on the recommendations of the Commission for Agricultural Costs and Prices (CACP). The revised MSP ensures a return of 51.85 percent for milling copra and 57.73 percent for ball copra over the all India weighted average cost of production. The National Agricultural Cooperative Marketing Federation of India Limited and National Cooperative Consumer Federation of India Limited will continue to act as Central Nodal Agencies to undertake price support operations at the MSP in the coconut growing States.