Centre increases FRP of sugarcane; will be in force from Oct. 1
The Centre on Wednesday approved ‘Fair and Remunerative Price’ of sugarcane payable by sugar factories for sugar season 2024-25.
The Cabinet decision comes amid the ongoing farmers’ protest in northern states of Punjab, Haryana and Uttar Pradesh.
“…It has been decided to fix the price for the upcoming sugarcane season, in the period from October 1, 2024, to September 30, 2025, to ensure the fair and reasonable price of sugarcane to the farmers by the sugar mills,” Union minister Anurag Thakur said at the briefing after the cabinet meet.
“It has been decided to fix the price at ₹340 per quintal for the year 2024-25 as compared to the previous year which was ₹315, which has increased to ₹340 per quintal this year,” the minister added.
“The government is ensuring the world’s cheapest sugar to domestic consumers of Bharat. This decision of Central Government is going to benefit more than 5 crore sugarcane farmers (including family members) and lakhs of other persons involved in sugar sector. It re-confirms fulfilment of Modi ki Guarantee to double farmers’ income,” the government statement had added.
The government said that the sugar mills will pay the FRP of sugarcane at ₹340 per quintal at a recovery of 10.25 per cent. With each hike in recovery by 0.1 per cent, the farmers will now get an additional price of ₹3.32 while the same amount will be deducted on reduction of recovery by 0.1%.