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Current Affairs

Cabinet Approved Hike in MSP for Copra

Current context: The Cabinet Committee on Economic Affairs has approved the hike in Minimum Support Prices (MSPs) for copra for 2020 season on 13th March 2020.
Cabinet Approved Hike in MSP for Copra
  • The MSP for Fair Average Quality (FAQ) for milling copra has been raised to Rs 9960 per quintal and for ball copra to Rs 10300 per quintal for 2020 season.
  • The approval is based on recommendations of the Commission for Agricultural Costs and Prices (CACP).
  • This will ensure a return of 50% for milling copra and 55% for ball copra over the all India weighted average cost of production.
  • India ranks number one in the production and productivity of Copra in the World.
  • Its production is mainly concentrated in four states namely, Kerala, Karnataka, Tamil Nadu and Andhra Pradesh (accounting to almost 90% of total production).

Question: 

Q.1 What is India’s rank in the production and productivity of Copra in the World?
a. 1st
b. 2nd
c. 3rd
d. 4th
Cabinet Approved Hike in MSP for Copra Cabinet Approved Hike in MSP for Copra Reviewed by Neha Verma on March 14, 2020 Rating: 5

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