Govt Schemes

Government approves Fair and Remunerative Price of sugarcane payable by Mills to farmers » Bhajpa Ki Baat

Government approves Fair and Remunerative Price of sugarcane payable by Mills to farmers » Kamal Sandesh

Keeping in view interest of sugarcane farmers (GannaKisan), the Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi on 28 June approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2023-24 (October – September) at Rs.315/qtl for a basic recovery rate of 10.25%. It has also been approved to provide a premium of Rs.3.07/qtl for each 0.1% increase in recovery over and above 10.25%, & reduction in FRP by Rs.3.07/qtl for every 0.1% decrease in recovery.

Further, with a view to protect interest of sugarcane farmers, government has also decided that there shall not be any deduction in case of sugar mills where recovery is below 9.5%. Such farmers will get Rs.291.975/qtl for sugarcane in ensuing sugar season 2023-24 in place of Rs.282.125/qtl in current sugar season 2022-23.
The cost of production of sugarcane for the sugar season 2023-24 is Rs.157/qtl. This FRP of Rs.315/qtl at a recovery rate of 10.25% is higher by 100.6% over production cost. The FRP for sugar season 2023-24 is 3.28% higher than current sugar season 2022-23.

The FRP approved shall be applicable for purchase of sugarcane from the farmers in the sugar season 2023-24 (starting w.e.f. 1st October, 2023) by sugar mills.

(News Source -Except for the headline, this story has not been edited by Bhajpa Ki Baat staff and is published from a BJP KS feed.)

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