New Delhi: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, has approved the Minimum Support Price (MSP) for copra for the 2026 season. To ensure remunerative prices for cultivators, the government had announced in the Union Budget 2018–19 that the MSP of all mandated crops would be fixed at a level of at least 1.5 times the all-India weighted average cost of production. Accordingly, the MSP for Fair Average Quality milling copra has been fixed at Rs.12,027 per quintal and for ball copra at Rs.12,500 per quintal for the 2026 season.
The MSP for the 2026 season represents an increase of Rs.445 per quintal for milling copra and Rs.400 per quintal for ball copra over the previous season. The government has raised the MSP for milling copra and ball copra from Rs.5,250 per quintal and Rs.5,500 per quintal in the marketing season 2014 to Rs.12,027 per quintal and Rs.12,500 per quintal in the marketing season 2026, registering growth of 129 per cent and 127 per cent, respectively.
A higher MSP is expected to ensure better returns for coconut growers and encourage farmers to expand copra production to meet the growing demand for coconut products in domestic and international markets.
The National Agricultural Cooperative Marketing Federation of India Ltd. and the National Cooperative Consumers’ Federation will continue to act as Central Nodal Agencies for procurement of copra under the Price Support Scheme.
BI Bureau
