In response to the sources, the CCEA has permitted the Meals Ministry’s proposal on growing the sugarcane FRP by Rs 10 per quintal from the present Rs 275 per quintal.
It’s according to the advice of the Fee of Agricultural Prices and Costs (CACP), a statutory physique that advises the federal government on the pricing coverage for main farm produce, they added.
The FRP, which is set below Sugarcane (Management) Order, 1966, is the minimal worth that sugar mills must pay to sugarcane farmers.
Main sugarcane producing states reminiscent of Uttar Pradesh, Punjab and Haryana repair their very own sugarcane worth referred to as ‘state advisory costs’ (SAPs), that are normally larger than the Centre’s FRP.
The federal government estimates the nation’s whole sugar manufacturing to be 28-29 million tonne within the present yr ending subsequent month, in comparison with 33.1 million tonnes throughout 2018-19 because of sharp fall in cane acreage in Maharashtra and Karnataka.