Government Initiatives
Under the aegis of the Ministry of Agriculture and Farmers Welfare, the Coconut Board of India had implemented many programs to develop the coconut industry in the country. Some of the schemes include the production and distribution of quality planting material, expansion of area under cultivation, technology demonstration and improvement, replanting and rejuvenation, support exporters for participating in international events, training for market promotion of export-specific products, developing market for coconut products globally by creating opportunities, etc. Other schemes such as Coconut Palm Insurance Mission and Kera Suraksha Insurance Scheme help protect the farmers from natural calamities and losses.
The Government has increased Minimum Support Price (MSP) for milling copra and ball copra from Rs. 5,250 (US$ 60.92) per quintal and Rs. 5,500 (US$ 63.83) per quintal for the marketing season 2014 to Rs. 11,582 (US$ 134.41) per quintal and Rs. 12,100 (US$ 140.37) per quintal for the marketing season 2025, registering growth of 121% and 120%, respectively.
Technology Mission on Coconut (TMoC)
The mission is initiated to converge and synergise all the efforts through vertical and horizontal integration of existing programs address the problems and bridge the gaps through appropriate schemes in mission mode to ensure adequate, appropriate, timely and concurrent action to make coconut farming competitive and ensure reasonable returns for the farmers.
The key components of this mission are to develop and adopt technologies for managing insect pests and disease-affected coconut gardens, processing and product diversification, market research and promotion. It also entails financial assistance to entrepreneurs/farmers for setting up coconut-based industries (other than coir-based industries), increasing focus on research and development, post-harvest processing, product diversification, value addition and management of pests and diseases.
Recent Activity
According to news articles, overall coconut prices hit a seven‐year high in January 2025, rising 38.7% YoY compared to a 33.8% increase observed in December 2024. Additionally, green coconut prices surged by 14.4% in January 2025, following a 12.3% rise in December 2024, with inflation in green coconut prices remaining in double digits since April 2024.