Sugarcane fair and remunerative price hiked to ₹290 a quintal
The Hindu
Govt had hiked FRPs by 38% since ₹210 a quintal of 2013-14: Piyush Goyal
The Central government has hiked the minimum price that sugar mills must pay to cane farmers by ₹5 a quintal for the 2021-22 sugar season that runs from October to September. In a decision taken by the Cabinet on Wednesday, the new fair and remunerative price (FRP) has been set at ₹290 a quintal. “The decision will benefit five crore sugarcane farmers and their dependents as well as five lakh workers employed by sugar mills and related industries,” said Food Minister Piyush Goyal, at a press conference after the meeting. This was the highest ever FRP so far, he noted. The Centre had hiked FRPs by 38% since the ₹210 a quintal rate of 2013-14. He pointed out that this year’s hike was only half of the ₹10 increase seen last year. Mr. Goyal said that ₹91,000 crore was being paid to the sugarcane farmers in the current sugar season. The payout for 2021-2022 was expected to cross ₹1 lakh.
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