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The MSP of honest and common high quality (FAQ) ball copra has been elevated to Rs 12,000 per quintal, whereas milling copra help worth has been hiked by Rs 300 to Rs 11,160 per quintal for the subsequent yr.
This can guarantee a margin of 51.84% for milling copra and 63.26 per cent for ball copra, that are effectively past 1.5 instances the all India weighted common price of manufacturing, the federal government stated in an official assertion.
Milling copra is used to extract oil, whereas ball or edible copra is consumed as a dry fruit and used for non secular functions. Kerala and Tamil Nadu are main producers of million copra, whereas ball copra is produced predominantly in Karnataka.
“A better MSP won’t solely guarantee higher remunerative returns to the coconut growers but additionally incentivize farmers to increase copra manufacturing to satisfy the rising demand for coconut merchandise each domestically and internationally,” the assertion stated.
Within the present season 2023, the federal government has procured a document quantity of greater than 1.33 lakh metric tonnes of copra, at the price of Rs1,493 crores, benefiting round 90,000 farmers. The procurement within the present season 2023 signifies an increase of 227% over the earlier season in 2022, the assertion added.The Nationwide Agricultural Cooperative Advertising Federation of India (NAFED) and Nationwide Cooperative Shoppers’ Federation (NCCF) will proceed to behave as Central Nodal Companies (CNAs) for procurement of copra and de-husked coconut beneath Value Assist Scheme (PSS).
