SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Centre gives green signal to copra, Totapuri mangoes procurement from Tamil Nadu farmers

09 Jul 2026 Evaluate

In a move aimed at protecting farmers from distress sales amid declining market prices, the Centre has given green signal to the procurement of copra and Totapuri mangoes from farmers in Tamil Nadu. Union Agriculture Minister Shivraj Singh Chouhan has cleared the proposals following requests from the Tamil Nadu government.

Under the copra procurement plan for 2026, the Centre will procure 87,226 metric tonnes (MT) of copra, comprising 87,000 MT of milling copra and 226 tonnes of ball copra, at the Minimum Support Price (MSP) under the Price Support Scheme (PSS). The total MSP outlay for the procurement is estimated at over Rs 1,049.16 crore. 

Separately, the Centre has approved the procurement of 96,879 MT of Totapuri mangoes under the Market Intervention Scheme (MIS) for 2026. The entire quantity will be procured in Tamil Nadu at a Market Intervention Price (MIP) of Rs 1,545.41 per quintal.

The ministry said the interventions are intended to ensure remunerative prices for both crops and to protect farmers from being forced to sell at a loss when market prices dip. The PSS and MIS mechanisms allow the government to step in and procure produce directly from farmers when open-market prices fall below sustainable levels.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: