Cabinet hikes copra MSP

Last Updated: Thu, Feb 07, 2013 08:50 hrs

New Delhi, Feb 7 (IANS) In order to encourage farmers to step up investment in coconut cultivation, the Cabinet Committee on Economic Affairs Thursday hiked the minimum support price (MSP) of milling and ball copra for 2013.

According to an official release, the fair average quality (FAQ) of 'milling copra' at Rs.5,350 per quintal and of 'ball copra' at Rs.5,500 per quintal represents an increase of Rs.150 per quintal for both crops.

The increase in the MSP is expected to boost production and productivity of coconut in the country.

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