Cabinet okays hike in authorised capital for Nabard, raises copra msp

Last year, the MSPs of milling copra and ball copra were fixed at R5,100 and R 5,350 per quintal respectively. "Copra MSP has been raised by R150 per quintal for both the varieties," food minister KV Thomas said.

Recently, the agriculture ministry had proposed that the National Agricultural Cooperative Marketing Federation of India (Nafed) continue its price support operations of copra in the 2013 season. In 2012, Nafed procured 75,000 tonne of copra in Tamil Nadu, Andhra Pradesh and Kerala.

"The hike in the MSP would definitely help farmers," Rajeev Gupta, managing director, Nafed told FE. The area under copra is estimated at 1.9 million hectare while production is pegged at 14,745 million nuts.

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