Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Copra
Date
01/06/2019
Policy Category
Production
Policy Instrument
Production support
Description
Reported public procurement of copra from farmers in Tamil Nadu state under the national Price Support Scheme. With procurement prices set at 27 percent above last years level, the measure was intended to help stabilize copra prices on the Indian market.
Notes
According to media reports, the Government of Tamil Nadu has begun procurement of 50 000 tonnes of copra from farmers under the national Price Support Scheme. For 2019, the procurement prices for milling copra and ball copra have been set at, respectively, INR 95 210 and INR 99 200 per tonne (USD 1 343 and 1 399) up 27 percent from last seasons level. The enhanced rates are expected to help stabilize copra prices in the market.
