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Cabinet hikes MSP for copra by up to 121% for 2025 season
The New Indian Express
|December 21, 2024
AS part of its pro-farmer stance since it assumed power in its third term, the NDA government on Friday gave its nod for the increased Minimum Support Price (MSP) for copra for 2025 season. The hike has been made by ₹422 per quintal for milling copra and ₹100 per quintal for ball copra.
After the meeting the Cabinet Committee on Economic Affairs, chaired by PM Narendra Modi, I&B Minister Ashwini Vaishnaw said, "In order to provide remunerative prices to the cultivators, the government had announced in the Union Budget of 2018-19 that MSP of all the mandated crops will be fixed at levels of at least 1.5 times of all India weighted average cost of production. Accordingly, the MSP for 'Fair Average Quality' of milling copra has been fixed at ₹11
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