Fair and Remunerative Price: Centre begins work on increasing FRP for Sugarcane
Central Government has begun discussing the proposal for increasing Fair & Remunerative Price (FRP) of Sugarcane.
Central Government has begun discussing the proposal for increasing Fair & Remunerative Price (FRP) of Sugarcane.
Multiple officials confirmed that the discussions on increasing FRP have begun. Government is likely to increase the FRP in the range of Rs 8 to Rs 12.
See Zee Business Live TV Streaming Below:
The final decision to increase the Fair and Remunerative Price (FRP) of sugarcane for the 2021-22 marketing year (October-September) will be taken up by Cabinet Committee on Economic Affairs (CCEA) said sources.
Sources said that the initial recommendations from the Commission for Agricultural Costs & Prices have come and now we will take it up with the ministries concerned.
Discussions will be held between Ministry of Agriculture, Finance, Niti Aayog and Department of Food and Public distribution. Post the discussions, a cabinet note will be sent for approval and then the rates will be notified.
The Centre in August 2020 increased the minimum price sugar mills pay to sugarcane growers by Rs 10 to Rs 285 per quintal.
Sugarcane farmers in Karnataka have sought an increase in the Fair and Remunerative Price (FRP) for the crop commensurate with the cost of cultivation for 2021-22.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.