Overview
- The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi cleared the 2026 prices on December 12.
- The new floor is higher by Rs 445 for milling copra and Rs 400 for ball copra compared with the 2025 season.
- Rates apply to fair average quality and were set on the Commission for Agricultural Costs and Prices' recommendation.
- NAFED and the National Cooperative Consumers’ Federation will continue procurement under the Price Support Scheme as central nodal agencies.
- The move extends a multi-year MSP build-up since 2014 and aligns with the 2018–19 pledge to keep MSPs at least 1.5 times the all-India weighted average cost of production.