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Cabinet Approves Hike In Sugarcane FRP To ₹340 Per Quintal Amid Farmers' Protest

Cabinet Approves Hike In Sugarcane FRP To ₹340 Per Quintal Amid Farmers' Protest

Business Today
Business Today
  • New Delhi ,
  • Feb 22, 2024,
  • Updated Feb 22, 2024, 4:44 PM IST

 

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi, approved the Fair and Remunerative Price (FRP) of sugarcane for Sugar Season 2024-25 at ₹ 340 per quintal at sugar recovery rate of 10.25%. The revised FRP will be applicable from 1 Oct 2024, confirmed Union government. The government said the premium of ₹3.32 per quintal will be provided for every 0.1 percentage point increase above 10.25% in the recovery. It will benefit more than 5 crore sugarcane farmers and their families.

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