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Cabinet approves Minimum Support Price for Copra for 2024 season

Published By : Admin | December 27, 2023 | 15:38 IST

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, has given its approval for the Minimum Support Prices (MSPs) for copra for 2024 season. In order to provide remunerative prices to the cultivators, government had announced in the Union Budget of 2018-19, that MSPs of all the mandated crops will be fixed at a level of at least 1.5 times of all India weighted cost of production. The MSP for Fair Average Quality of milling copra has been fixed at Rs.11,160/- per quintal and for ball copra at Rs.12,000/- per quintal for 2024 season. This will ensure a margin of 51.84 percent for milling copra and 63.26 percent for ball copra, which are well beyond 1.5 times the all India weighted average cost of production. Milling copra is used to extract oil, while ball/edible copra is consumed as a dry fruit and used for religious purposes. Kerala and Tamil Nadu are major producers of million copra, whereas ball copra is produced predominantly in Karnataka.

The MSP for 2024 season is an increase of Rs.300/- per quintal for milling copra and Rs.250/- per quintal for ball copra over the previous season. In the last 10 years, the Government has increased MSP for milling copra and ball copra from Rs.5,250 per quintal and Rs.5,500 per quintal in 2014-15 to Rs.11,160 per quintal and Rs.12,000 per quintal in 2024-25, registering a growth of 113 percent and 118 percent, respectively.

A higher MSP will not only ensure better remunerative returns to the coconut growers but also incentivize farmers to expand copra production to meet the growing demand for coconut products both domestically and internationally.

In the current season 2023, the Government has procured a record amount of more than 1.33 lakh metric tonnes of copra, at the cost of Rs.1,493 crores, benefiting around 90,000 farmers. The procurement in the current season 2023 indicates a rise of 227 percent over the previous season (2022).

National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) and National Cooperative Consumers’ Federation (NCCF) will continue to act as Central Nodal Agencies (CNAs) for procurement of copra and de-husked coconut under Price Support Scheme (PSS).

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PM to visit Assam on 20-21 December
December 19, 2025
PM to inaugurate and lay the foundation stone of projects worth around Rs. 15,600 crore in Assam
PM to inaugurate New Terminal Building of Lokapriya Gopinath Bardoloi International Airport in Guwahati
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PM to pay tribute to martyrs at Swahid Smarak Kshetra in Boragaon, Guwahati

Prime Minister Shri Narendra Modi will undertake a visit to Assam on 20-21 December. On 20th December, at around 3 PM, Prime Minister will reach Guwahati, where he will undertake a walkthrough and inaugurate the New Terminal Building of Lokapriya Gopinath Bardoloi International Airport. He will also address the gathering on the occasion.

On 21st December, at around 9:45 AM, Prime Minister will pay tribute to martyrs at Swahid Smarak Kshetra in Boragaon, Guwahati. After that, he will travel to Namrup in Dibrugarh, Assam, where he will perform Bhoomi Pujan for the Ammonia-Urea Project of Assam Valley Fertilizer and Chemical Company Ltd. He will also address the gathering on the occasion.

Prime Minister will inaugurate the new terminal building of Lokapriya Gopinath Bardoloi International Airport in Guwahati, marking a transformative milestone in Assam’s connectivity, economic expansion and global engagement.

The newly completed Integrated New Terminal Building, spread over nearly 1.4 lakh square metres, is designed to handle up to 1.3 crore passengers annually, supported by major upgrades to the runway, airfield systems, aprons and taxiways.

India’s first nature-themed airport terminal, the airport’s design draws inspiration from Assam’s biodiversity and cultural heritage under the theme “Bamboo Orchids”. The terminal makes pioneering use of about 140 metric tonnes of locally sourced Northeast bamboo, complemented by Kaziranga-inspired green landscapes, japi motifs, the iconic rhino symbol and 57 orchid-inspired columns reflecting the Kopou flower. A unique “Sky Forest”, featuring nearly one lakh plants of indigenous species, offers arriving passengers an immersive, forest-like experience.

The terminal sets new benchmarks in passenger convenience and digital innovation. Features such as full-body scanners for fast, non-intrusive security screening, DigiYatra-enabled contactless travel, automated baggage handling, fast-track immigration and AI-driven airport operations ensure seamless, secure and efficient journeys.

Prime Minister will visit the Swahid Smarak Kshetra to pay homage to the martyrs of the historic Assam Movement, a six-year-long people’s movement that embodied the collective resolve for a foreigner-free Assam and the protection of the State’s identity.

Later in the day, Prime Minister will perform Bhoomipujan of the new brownfield Ammonia-Urea Fertilizer Project at Namrup, in Dibrugarh, Assam, within the existing premises of Brahmaputra Valley Fertilizer Corporation Limited (BVFCL).

Furthering Prime Minister’s vision of Farmers’ Welfare, the project, with an estimated investment of over Rs. 10,600 crore, will meet fertilizer requirements of Assam and neighbouring states, reduce import dependence, generate substantial employment and catalyse regional economic development. It stands as a cornerstone of industrial revival and farmer welfare.