Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Coconut
Date
01/09/2017
Policy Category
Production
Policy Instrument
Production support
Description
Considered raising the minimum support price for copra as well as introducing a support price for raw coconut.
Notes
The Government of Kerala (the countrys second largest coconut growing state) urged the central government Commission for Agricultural Costs and Prices to raise the minimum support price (MSP) of copra from INR 67 700 per tonne to INR 97 250 per tonne (respectively USD 1 035 and 1 487). Reportedly, the Agricultural Department is also considering to introduce a MSP for raw coconut amounting to INR 29 500 per tonne (USD 451). Currently, there is no MSP for the procurement of raw coconut.
