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Minimum Support Price For Copra

Minimum Support Price For Copra:

The Cabinet Committee on Economic Affairs, has approved the Minimum Support Prices (MSPs) for copra for the 2024 season.

  • The move aims to provide better returns to coconut growers, encourage copra production, and meet the growing demand for coconut products.
  • Copra is the dried, white flesh of the coconut. It’s a major cash crop and is valued for the coconut oil that can be extracted from it.
  • The MSP is a form of government intervention to protect farmers from steep declines in the prices of their goods.
  • The MSP is based on a calculation of at least one-and-a-half times the cost of production incurred by the farmers.