CABINET APPROVES FAIR AND REMUNERATIVE PRICE OF SUGARCANE PAYABLE BY SUGAR MILLS FOR THE SUGAR SEASON 2020-21. #EDUCRATSWEB

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  • The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has 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) asunder:

    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 ‘Fair and Remunerative price’ of sugarcane is determined under Sugarcane (Control) Order, 1966.  This will be uniformly applicable all over the country.

    https://pib.gov.in/PressReleasePage.aspx?PRID=1646950

    Cabinet approves Fair and Remunerative Price of sugarcane payable by sugar mills for the sugar season 2020-21.
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