Cabinet approves minimum support price for Copra for the 2025 season

The Prime Minister Narendra Modi-led Cabinet Committee on Economic Affairs has given its approval for the Minimum Support Price (MSP) for copra for 2025 season with a budget outlay of Rs 855 crore.

"PM Modi and the NDA government have worked with great dedication and a spirit of commitment towards farmers. A significant decision has been taken for farmers today. The price policy for the 'Copra', covering all five states in the South, has been approved for 2025," said Union Minister Ashwini Vaishnaw during a Cabinet briefing in Delhi.

The MSP for 'milling copra' has been increased by Rs 420 to Rs 11,582 per quintal, while for 'ball copra' by Rs 100 to Rs 12,100 per quintal for 2025, Information and Broadcasting Minister Ashwini Vaishnaw told reporters.


"The Centre has increased MSP for milling copra and ball copra from Rs 5250 per quintal and Rs 5500 per quintal for the marketing season 2014 to Rs 11582 per quintal and Rs 12100 per quintal for the marketing season 2025, registering a growth of 121 percent and 120 percent, respectively," said the official statement of the government.

As per the statement, the Centre said that 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.



"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)," said the statement.

Previously, the Union Cabinet approved new Minimum Support Prices (MSP) for Rabi crops for the upcoming marketing season 2025-26 with wheat MSP increased by Rs 150 per quintal to Rs 2,425 mustard MSP raised by Rs 300 per quintal to Rs 5,950 and chana MSP by Rs 210 bringing the new rate to Rs 5,650 per quintal.