Tamil Nadu government begins Copra procurement at hiked rates under Price Support Scheme
By Newindianexpress 14-Jul-2019
A total of 45 tonnes of milling copra and 5,000 tonnes of ball copra are being procured and the sanctioned time limit for buying is six months. Coimbatore, Tirupur, Salem, Vellore, Thanjavur, Pudukkottai, Dindigul, Sivaganga, Krishnagiri, Ramanathapuram, Namakkal and Kanyakumari are among the districts from where procurement has been planned.
The new prices under the PSC are Rs 95.21 per kg for milling copra and Rs 99.20 for ball copra per kg, a substantial jump from the last year's price of Rs 75.11 (milling) and Rs 77.50 (ball).
The enhanced rates are expected to help stabilise copra prices in the market which has been fluctuating between Rs 70 and Rs 80, often lower than the support prices (before the new prices were announced) and stabilisation will aid farmers, sources added.
In Tamil Nadu, approximately 470.64 crore coconuts are produced from farming undertaken in about 4,35,621 hectares.
When copra prices began falling in the past few months, Chief Minister K Palaniswami had represented to the Centre to hike price to Rs 105 a kg under the support scheme. Though the Centre did not accede to the plea, the hike sanctioned now is substantial to address the farmers concerns, sources pointed out.
The Centre, in a communique, has directed the Tamil Nadu government to provide revolving fund equivalent to at least 15 per cent of the procurement cost of sanctioned quantity and ensure that the payments are made directly in the bank accounts of farmers from whom procurements are made, the sources said.
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