Fair And Remunerative Price (FRP) Of Sugarcane 2023-24
Context
Cabinet Committee on Economic Affairs has agreed a Fair and Remunerative Price (FRP of Sugarcane) of sugarcane 315₹/quintal for the sugar season 2023-24 (October–September).
The cost of sugarcane production for the sugar season 2023-24 is 157₹/quintal.
What is Fair And Remunerative Price (FRP)
Fair and Remunerative Price (FRP) is the minimal price at which sugar mills must acquire sugarcane from farmers. The Central Government of India determines it based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
The Sugarcane Control Order, 1966 governs the payment of FRP across the country. It requires payment within 14 days of the cane’s delivery date.
The price paid to farmers for cane under the FRP system is unrelated to the profits made by sugar mills.
FRP is based on the rate of cane recovery.
Significance of FRP
FRP is an important policy instrument that is critical in protecting sugarcane farmers’ rights, ensuring sustainable sugarcane farming, stabilizing the sugar market, and fostering social and economic development in rural regions.
FAQ – Fair and Remunerative Price for Sugarcane
1. What is the Fair and Remunerative Price for sugarcane for the sugar season 2023-24?
The Fair and Remunerative Price (FRP) for sugarcane for the sugar season 2023-24 has been set at ₹315 per quintal.
2. What is the cost of sugarcane production for the sugar season 2023-24?
The cost of sugarcane production for the sugar season 2023-24 is ₹157 per quintal.
3. Who determines the Fair and Remunerative Price for sugarcane?
The Central Government of India determines the FRP for sugarcane based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
4. How is the Fair and Remunerative Price calculated for sugarcane?
FRP is calculated based on the rate of cane recovery, taking into consideration various factors such as input costs, fair returns to farmers, and market conditions.
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