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Cabinet approves Fair and Remunerative Price of sugarcane payable by sugar mills for the sugar season 2020-21."
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....abinet approves Fair and Remunerative Price of sugarcane payable by sugar mills for the sugar season 2020-21." <br>News and Press Release<br>Dated:- 19-8-2020<br><BR>The Cabinet Committee on Economic ....
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....Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the Fair and Remunerative Price (FRP) of sugarcane payable by sugar mills for 2020-21 sugar season (October-September) on the recomm....
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....endations of the Commission for Agricultural Costs and Prices (CACP) asunder: i) FRP of sugarcane for 2020-21 sugar season at ₹ 285/- per quintal for a basic recovery rate of 10%; ii) a prem....
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....ium of ₹ 2.85 per quintal for every 0.1% increase above 10% in the recovery; and iii) reduction in FRP by ₹ 2.85 per quintal for every 0.1 percentage point decrease in recovery, in resp....
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....ect of those mills whose recovery is below 10% but above 9.5 percent. However, for mills having recovery 9.5 % or below, the FRP is fixed at ₹ 270.75 per quintal. The determination of FRP will ....
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....be in the interest of sugarcane growers keeping in view their entitlement to a fair and remunerative price for their produce. The 'Fair and Remunerative price' of sugarcane is determined under Sugarc....
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....ane (Control) Order, 1966. This will be uniformly applicable all over the country.<BR> News - Press release - PIB....