Govt hikes sugarcane FRP Rs 305 per quintal for 2022-23 season

Image
Capital Market
Last Updated : Aug 04 2022 | 2:19 PM IST
The Cabinet Committee on Economic Affairs (CCEA) has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September). It has approved highest ever FRP of Rs 305 per quintal for sugarcane farmers.

The FRP for sugar season 2022-23 is 2.6% higher than current sugar season 2021-22. FRP of sugarcane is fixed to ensure a guaranteed price to sugarcane growers.

The decision will benefit five crore sugarcane farmers and their dependents, as well as five lakh workers employed in the sugar mills and related ancillary activities.

In past eight years, government has increased FRP by more than 34% aimed at increasing the income of farmers.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 04 2022 | 11:00 AM IST

Next Story