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 highlights Nari Shakti's transformative role in the journey towards a developed India
June 08, 2025
QuoteOver the last 11 years, the NDA Government has redefined women-led development: PM
QuoteVarious initiatives, from ensuring dignity through Swachh Bharat to financial inclusion via Jan Dhan accounts, the focus has been on empowering our Nari Shakti: PM

The Prime Minister, Shri Narendra Modi has highlighted the transformative role played by women in the journey towards a developed India, underlining the government’s focus on women-led development over the past 11 years.

The Prime Minister said that our mothers, sisters and daughters have seen times when they had to face difficulties at every step. But today they are not only participating actively in the resolution of a developed India, but are also setting examples in every field from education to business. Shri Modi further added that the successes of Nari Shakti in the last 11 years are a matter of pride for all citizens.

The Prime Minister noted that the NDA Government has redefined women-led development through a series of impactful initiatives. These include ensuring dignity through the Swachh Bharat Abhiyan, financial inclusion via Jan Dhan accounts, and empowerment at the grassroots level.

He cited Ujjwala Yojana as a milestone that brought smoke-free kitchens to several homes. He also highlighted how MUDRA loans have enabled lakhs of women to become entrepreneurs and pursue their dreams independently. The provision of houses in women’s names under the PM Awas Yojana has also made a remarkable impact on their sense of security and empowerment.

The Prime Minister also recalled the Beti Bachao Beti Padhao campaign, which he described as a national movement to protect the girl child.

Shri Modi affirmed that in all sectors- including science, education, sports, StartUps, and the armed forces-women are excelling and inspiring several people.

The Prime Minister shared these remarks through a series of posts on X;

"हमारी माताओं-बहनों और बेटियों ने वो दौर भी देखा है, जब उन्हें कदम-कदम पर मुश्किलों का सामना करना पड़ता था। लेकिन आज वे ना सिर्फ विकसित भारत के संकल्प में बढ़-चढ़कर भागीदारी निभा रही हैं, बल्कि शिक्षा और व्यवसाय से लेकर हर क्षेत्र में मिसाल कायम कर रही हैं। बीते 11 वर्षों में हमारी नारीशक्ति की सफलताएं देशवासियों को गौरवान्वित करने वाली हैं।

#11YearsOfSashaktNari"

"Over the last 11 years, the NDA Government has redefined women-led development.
Various initiatives, from ensuring dignity through Swachh Bharat to financial inclusion via Jan Dhan accounts, the focus has been on empowering our Nari Shakti. Ujjwala Yojana brought smoke-free kitchens to several homes. MUDRA loans enabled lakhs of women entrepreneurs to pursue dreams on their own terms. Houses under the women’s name in PM Awas Yojana too have made a remarkable impact.

Beti Bachao Beti Padhao ignited a national movement to protect the girl child.

In all sectors, including science, education, sports, StartUps and the armed forces, women are excelling and inspiring several people.

#11YearsOfSashaktNari"