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The Hindu
The Hindu
National
The Hindu Bureau

Centre hikes copra MSP by ₹250-300 hike per quintal for 2024 season

The Cabinet Committee on Economic Affairs Anurag Thakur

The Cabinet Committee on Economic Affairs (CCEA), which met here on Wednesday, has decided to increase the minimum support price (MSP) for copra. The new MSP for milling copra will be ₹ 11,160 per quintal — an increase of ₹300 per quintal than the 2023 season. The new MSP for ball copra will be ₹12,000 per quintal — an increase of ₹250 per quintal. The rate will be effective from next year.

Briefing reporters after the meeting, Union Minister for Information and Broadcasting Anurag Thakur said that although copra prices have fallen globally, the Narendra Modi government had decided to provide an MSP of at least 50% higher than the production cost. “Accordingly, the copra MSP has been increased by ₹250-300 per quintal for 2024 season,” Mr. Thakur said.

Explained | Will a hike in MSP help farmers?

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