Cabinet approves FRP of sugarcane payable by sugar mills for 2020-21 season
New Delhi [India], Aug 19 (ANI): 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).
ANI
Aug 19, 2020 19:03 IST
New Delhi [India], Aug 19 (ANI): 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).
The FRP has been approved on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
An official release said that FRP of sugarcane for 2020-21 sugar season will be Rs 285 per quintal for a basic recovery rate of 10 per cent and a premium of Rs. 2.85 per quintal would be paid for every 0.1 per cent increase above 10 per cent in the recovery.
There will be a 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 per cent but above 9.5 per cent.
However, for mills having recovery 9.5 per cent 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 release said.
Fair and Remunerative price of sugarcane is determined under Sugarcane (Control) Order, 1966. This will be uniformly applicable all over the country. (ANI)
Get the App
