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Govt approves FRP of Rs 290/qtl for sugarcane farmers
Govt approves FRP of Rs 290/qtl for sugarcane farmers

New Delhi, Aug 25 (TIWN) Keeping in view the interest of the sugarcane farmers, the Cabinet Committee on Economic Affairs on Wednesday approved Fair and Remunerative Price (FRP) for sugarcane at Rs 290 per quintal, based on 10 per cent recovery, for the sugar season 2021-22 (October-September).

With the Rs 290 per quintal rate, the CCEA, chaired by Prime Minister Narendra Modi, will provide a premium of Rs 2.90 per quintal for each 0.1 per cent increase in recovery over and above 10 per cent, and reduction in FRP by Rs 2.90 per quintal for every 0.1 per cent decrease in recovery, a Cabinet release said.  "The government's proactive approach to protect the interest of the farmers is also seen in the decision of no deduction in case of sugar mills where recovery is below 9.5 per cent. Such farmers will get Rs 275.50 per quintal for sugarcane in the ensuing sugar season 2021-22 in place of Rs 270.75 per quintal in the current sugar season of 2020-21," the release said.

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