AreaIndia
Commodity GroupOilseeds, oils and meals
CommodityCoconut
Date01/09/2017
Policy CategoryProduction
Policy InstrumentProduction support
DescriptionConsidered raising the minimum support price for copra as well as introducing a support price for raw coconut.
NotesThe 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.
