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MSP for milling copra hiked by ₹375/quintal - The Hindu BusinessLine

MSP for milling copra hiked by ₹375/quintal January 27, 2021 Copra farmers in 12 coastal States are expected to get higher price this year. The Cabinet Committee on Economic Affairs (CCEA), under the chairmanship of Prime Minister Narendra Modi, has approved increasing Minimum Support Price (MSP) to up to ₹375 per quintal this season. This is more than 50 per cent over cost price. The MSP for Fair Average Quality (FAQ) of milling copra has been increased by ₹375 to ₹10,335 per quintal as compared to last year’s MSP at ₹9,960 per quintal. The MSP for ball copra has been increased by ₹300 to ₹10,600 per quintal from ₹10,300 per quintal in 2020. The declared MSP ensures a return of 51.87 per cent for milling copra and 55.76 per cent for ball copra over the all-India weighted average cost of production.

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