ANNOUNCEMENT 23 Feb 2009

In February 2009, the government of India announced a change in production support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 23 Feb 2009 | Removal date: open ended
Still in force

Production subsidy

The Indian Cabinet Committee for Economic Affairs sets annually the Minimum Support Prices for cocunut based products "Milling Copra" and "Ball Copra" (HS 1203). If the market prices fall below these prices, the farmers can sell an unlimited amount of crop to the government at these minimum prices. These support prices can distort prices in international markets where they are directly sold, or the prices of end products for which the crops are used.

 

The table below presents the evolution of the Minimum support prices (in INR) over the years.

 

Product2008200920102011201220132014
Milling Copra3660445044504525510052505250
Ball Copra3910470047004775535055005500

 

 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A