Government Gives Increased Fair Price to Sugar Farmers

  • The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the FRP of sugarcane for 2024-25 at Rs. 340 per quintal at a basic recovery rate of 10.25%. 
  • The revised FRP will be applicable from 01 Oct 2024. 
  • The new FRP is 107% higher than the A2+FL cost of sugarcane, ensuring prosperity for sugarcane farmers. 
  • The decision will benefit over 5 Crore sugarcane farmers and lakhs of others in the sugar sector. • Farmers will receive an additional price of Rs. 3.32 per quintal for each increase in recovery by 0.1%. 
  • The minimum price of sugarcane is at a recovery of 9.5%, and farmers are assured of FRP @ 315.10/quintal. 
  • The government has ensured farmers get the right price of their crop at the right time, leading to the lowest cane arrears pending in the history of the sugar sector.
Posted in Current Affairs.