Kerala to increase copra procurement
The Kerala government has decided to increase the quantity of copra procurement as part of market intervention in the State.
The government provides Rs 500 as subsidy for procuring one-quintal of copra to societies, a press statement said here today.
The state has procured 14,000 tonne of copra so far and is expected to procure 22,000 tonne by the end of this year. Those who make copra from fresh coconut would also be given the subsidy of Rs 500 for a quintal.
A project worth Rs 21 crore by the Agriculture Department for procuring copra was sanctioned by the cabinet.
An immediate assistance of Rs eight crore was also sanctioned by the Government for the project with remaining to be met from the amount allocated for Agriculture in the current budget.
As per the project, 20 drier units will come up in all 14 districts of the State with each unit having the capacity to process 20,000 coconuts on a daily basis.
It has also be decided to procure fresh coconut at the rate of Rs 14 per kigs through Krishi Bhavans in the state.
The state government would also request the central government to give subsidy for coconut oil on the lines of Rs 15 for palmoil.