Cabinet approves hike in sugarcane FRP by Rs 25 to Rs 340 per quintal for 2024-25 season
Cabinet approves hike in sugarcane FRP by Rs 25 to Rs 340 per quintal for 2024-25 season
NEW DELHI: The government on Wednesday decided to hike the minimum price that mills have to pay to sugarcane growers by Rs 25 to Rs 340 per quintal for the 2024-25 season starting October.
This is the highest Fair and Remunerative Price (FRP) for sugarcane announced by the Prime Minister Narendra Modi-led government since coming to power in 2014. In terms of quantum, this is the second time that the Modi government has increased the FRP by Rs 25 per quintal in one go.
The decision to increase the FRP was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. It also comes ahead of the general elections.PTI
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