By IANS
New Delhi : The government Thursday increased the minimum support price (MSP) of both “milling” and “ball” varieties of copra by Rs.40 per quintal for this season.
Copra is the dried white flesh of coconut from which oil is extracted.
The MSP for fairly average quality of milling copra has been fixed at Rs.3,360 per quintal while MSP for similar quality ball copra will be Rs.3,910 per quintal for 2008, said an official statement.
“The MSP for both milling and ball copra has been raised by Rs.40 per quintal over the MSP announced for last season,” the statement said.
“The increase in the MSP of copra is expected to encourage the farmers to step up investment in coconut cultivation and increase production and productivity of coconut in the country,” the statement said.