 "Cabinet raises fair and remunerative prices for sugarcane by Rs 10 per quintal; 5 crore farmers to benefit")
The Union Cabinet on Wednesday hiked sugarcane FRP by Rs 10/quintal to Rs 315/quintal for 2023-24 season. Fair and remunerative price or FRP is the minimum price at which sugar mills can purchase sugarcanes from farmers. “The decision to benefit 5 crore sugarcane farmers and their dependents, as well as 5 lakh workers employed in the sugar mills and related ancillary activities,” Union minister Anurag Thakur said.
#WATCH | Delhi: The cabinet has approved the highest ever Fair and Remunerative Price of Rs.315/qtl for Sugarcane Farmers for sugar season 2023-24. The decision to benefit 5 crore sugarcane farmers and their dependents, as well as 5 lakh workers employed in the sugar mills and… pic.twitter.com/mW5RgQZIl9
— ANI (@ANI) June 28, 2023
The FRP is decided by the Union government’s Cabinet Committee on Economic Affairs (CCEA) on the basis of recommendations of Commission for Agricultural Costs and Prices (CACP). With inputs from agencies Read all the Latest News, Trending News, Cricket News, Bollywood News, India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.
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