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The announced MSP of copra for the 2024 season is in line with the principle of fixing MSP at a level of at least 1.5 times the all-India weighted average cost of production as announced in the Budget 2018-19
The MSP of fair and average quality (FAQ) ball copra has been increased to Rs 12,000 per quintal, while milling copra support price has been hiked by Rs 300 to Rs 11,160 per quintal for the next year. This will ensure a margin of 51.84% for milling copra and 63.26 per cent for ball copra, which are well beyond 1.5 times the all India weighted average cost of production, the government said in an official statement.
The new MSPs mark an increase of Rs. 300 per quintal for milling copra and Rs. 250 per quintal for ball copra over the previous season.