Fair and Remunerative Price (FRP) of Sugarcane for sugar season 2023–24 - AgriInsights
The Cabinet Committee on Economic Affairs, chaired by PM Modi, has approved the Fair and Remunerative Price (FRP) of sugarcane for sugar season 2023–24 (October–September) at Rs. 315/qtl for a basic recovery rate of 10.25%.
The cost of production of sugarcane for the sugar season 2023-24 is ₹157 per quintal.
The new FRP would be applicable for the purchase of sugarcane from the farmers in the sugar season 2023-24 (starting October 2023) by sugar mills.
About Fair and Remunerative Price (FRP):
What is FRP? Fair and remunerative price (FRP) is the minimum price at which rate sugarcane is to be purchased by sugar mills from farmers.
Who determines FRP? The FRP has been determined by the Central Government on the basis of recommendations of the Commission for Agricultural Costs and Prices (CACP) and after consultations with state governments and other stakeholders.
Rules: The ‘FRP’ of sugarcane is determined under the Sugarcane (Control) Order, 1966.
Benefits: FRP assures margins to farmers, irrespective of whether sugar mills generate a profit or not.
This will be uniformly applicable all over the country. Besides FRP, some states such as Punjab, Haryana, Uttarakhand, UP and TN announce a State Advised Price, which is generally higher than the FRP.
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