The Modi government has given a big gift to the farmers who cultivate coconut. In a cabinet meeting held today, the government has decided to increase the MSP of dried coconuts and jaggery coconuts to farmers. The Cabinet has decided to increase the MSP of dried coconut by Rs 375 per quintal and MSP of jaggery by Rs 300 per quintal.
The new MSP of coconut will increase the income of farmers
In today’s cabinet meeting chaired by Prime Minister Modi, the MSP of coconut has been sealed. The MSP of fair average quality dried coconut has been increased to Rs 10,335 per quintal from Rs 6,805 per quintal. Its MSP for the 2020 season was Rs 9960 per quintal, while MSP for Ball Coconut has been increased to Rs 10,600. Which was Rs 10,300 per quintal last year.
MSP 52% higher than production cost
Informing about the Cabinet decision, Information and Broadcasting Minister Prakash Javadekar said that the MSP of dried coconut and its products cost 52 per cent more. While the MSP of Ball Coconut is 55 per cent higher than its production cost. The MSP of the coconut for the 2021 season is on principle on it. It has been decided that the level of MSP should be at least one and a half times the average production. This level has been fixed by the government in the budget 2018-19.
Government agencies will buy
Prakash Javadekar said that market prices are mostly higher than MSP. But even if prices fall below the support price, government agencies will buy their products to protect the interests of farmers. The National Agricultural Cooperative Marketing Federation (NAFED) and the National Cooperative Consumer Federation (NCCF) are both central nodal agencies. Which sees price support in coconut growing states. India is number one. Which is produced exclusively in 12 coastal states.