AgroStar Krishi Gyaan
25 Jul 19, 01:00 PM
Krishi VaartaOutlook Agriculture
Central Government did not increase FRP for cane
New Delhi: In a shocking move, the Central Government has decided not to increase the fair and remunerative price (sugarcane) sugarcane price (FRP) for the crushing season 2019-20 starting October 2019. The government has decided to keep the FRP of sugarcane at par with the previous year's Rs 275 per quintal for the crushing season 2019-20.
At the same time to benefit the sugar mills, they have decided to increase the buffer stock from 3 million tonnes to 4 million tonnes. It is estimated that this move will cost the farmers Rs 1,674 crore. The central government will give this amount to the sugar mills as a subsidy. On Wednesday, under the chairmanship of PM Modi, the Cabinet Committee on Economic Affairs (CCEA) decided to keep the sugarcane at an FRP of Rs 275 per quintal giving a leeway of 10% recovery.
In the last crushing season, the central government had fixed the price of sugarcane at Rs. 275 per quintal by raising it by Rs 20. State Governments in Uttar Pradesh, Punjab and Haryana decide the State Consultation Cost (SAP).
Source - Outlook Agriculture, 24 July 2019
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