Government approves ‘Fair and Remunerative Price’ of sugarcane
New Delhi: The Cabinet Committee on Economic Affairs on Wednesday approved the Fair and Remunerative Price (FRP) of sugarcane payable by sugar mills for 2020-21 sugar season (October-September) on the recommendations of the Commission for Agricultural Costs and Prices (CACP) as under:
i) FRP of sugarcane for 2020-21 sugar season at Rs.285/- per quintal for a basic recovery rate of 10%;
ii) A premium of Rs. 2.85 per quintal for every 0.1% increase above 10% in the recovery; and
iii) Reduction in FRP by Rs. 2.85 per quintal for every 0.1 percentage point decrease in recovery, in respect of those mills whose recovery is below 10% but above 9.5 percent. However, for mills having recovery 9.5 % or below, the FRP is fixed at Rs 270.75 per quintal.
“The determination of FRP will be in the interest of sugarcane growers keeping in view their entitlement to a fair and remunerative price for their produce,” the government stated. It explained that the ‘Fair and Remunerative price’ of sugarcane is determined under Sugarcane (Control) Order, 1966 and will be uniformly applicable all over the country.
– globalbihari bureau