Chief Minister M.K. Stalin on Monday wrote to Prime Minister Narendra Modi, requesting him to issue instructions to the Ministry concerned to increase the ceiling for copra procurement from 25% to 40% till September this year.
Mr. Stalin also requested an increase in the procurement target for Tamil Nadu from 56,000 MT to 90,000 MT which, he said, would help stabilise the market price of copra, thereby benefiting coconut growers in the State.
Referring to several requests received from coconut growers to increase the procurement target under the Price Support Scheme (PSS) of the Government of India, Mr. Stalin said that under PSS, commodities such as red gram, green gram, black gram and copra were procured to ensure the Minimum Support Price (MSP) for farmers and stabilise the market price.