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/ India News / 2008 / January 2008 / January 10, 2008 Government announces MSP of copra |
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In order to safeguard the interest of coconut growers in the country, the Union Government today approved the MSP (Minimum Support Price) of copra for this year.
New Delhi, Jan 10 : In order to safeguard the interest of coconut growers in the country, the Union Government today approved the MSP (Minimum Support Price) of copra for this year.
While the MSP for Fair Average Quality (FAQ) of Milling Copra has been fixed at Rs.3660 per quintal, the MSP for Fair Average Quality of Ball Copra has been fixed at Rs.3910 per quintal.
This represents an increase of Rs 40 per quintal for both "Milling" and "Ball" copra over the MSP announced for the last season.
The increase in the MSP of copra is expected to encourage the farmers to step up investment in coconut cultivation and increase production and productivity of coconut in the country.
ANI
