AreaIndia
Commodity GroupOilseeds, oils and meals
CommodityCoconut
Date01/03/2018
Policy CategoryProduction
Policy InstrumentProduction support
DescriptionRaised the minimum support prices for milling and ball copra aiming to i) ensure remunerative prices for coconut farmers; and ii) encourage investment in coconut cultivation.
NotesThe Central Government raised the minimum support prices (MSP) for milling and ball copra to, respectively, INR 75 000 (USD 1 153) and INR s 77 500 (USD 1 191) per tonne up 15 percent from last years rates. The new MSP are meant to ensure remunerative prices for coconut farmers and encourage investment in coconut cultivation. Indias national farmer and consumer cooperatives would continue to act as central nodal agencies responsible for procurement operations in coconut growing states.
