Recently the Economic Affairs Committee of the Union Cabinet has approved the Minimum Support Price of Copra.

Recently the Economic Affairs Committee of the Union Cabinet has approved the Minimum Support Price of Copra.

Daily Current Affairs   /   Recently the Economic Affairs Committee of the Union Cabinet has approved the Minimum Support Price of Copra.

Change Language English Hindi

Category : Business and economics Published on: December 29 2023

Share on facebook
  • Copra is called coconut in general sense.
  • The Committee on Economic Affairs of the Union Cabinet has approved the Minimum Support Price of Copra in December 2023.
  • The Committee on Economic Affairs of the Union Cabinet has approved the Minimum Support Price of 2 types of copra.
  • These types are – Milling Copra and Ball Copra.
  • MSP for fair average quality of milled copra for the year 2024 season. It has been fixed at Rs 11,160 per quintal.
  • MSP for ball copra The price has been fixed at Rs 12000 per quintal.
  • MSP for milling copra in the year 2024 season has been an increase of Rs 300 per quintal compared to the previous season.
  • The price of ball copra has increased by Rs 250 per quintal.
  • To provide remunerative prices to farmers, the Government had announced in the Union Budget 2018-19 that the MSP of all essential crops will be all India-weighted production cost will be fixed at a minimum level of 1.5 times.
  • Minimum support price is recommended by the Commission for Agricultural Costs and Prices.
Recent Post's
  • LoIs issued to 4 foreign universities; ₹4,000 crore education projects announced at ABSS.

    Read More....
  • Kaziranga becomes India's third-highest tiger density reserve after Bandipur and Corbett.

    Read More....
  • St. Aloysius student sets world record with 170-hour Bharatanatyam performance.

    Read More....
  • Divyanshi wins U-19 WTT title; Priyanuj clinches gold in U-17 boys’ final.

    Read More....
  • Goa Shipyard launches 6th indigenous Fast Patrol Vessel, ICGS ATAL.

    Read More....
  • July 30 marked as World Day Against Trafficking with focus on criminal exploitation.

    Read More....
  • RBI caps investment in AIF schemes to 10% per bank/NBFC.

    Read More....
  • PM Modi releases ₹1,000 coin marking 1,000 years of Rajendra Chola’s naval campaign.

    Read More....
  • Death toll in Gaza crosses 60,000; over half are women and children.

    Read More....
  • Ex-Twitter CEO Jack Dorsey launches offline messaging app Bitchat.

    Read More....