Cane FRP for 2018-19: Tougher premium rule to limit cane price hike

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New Delhi | Published: July 3, 2018 6:20:30 AM

The government is considering a proposal to raise the fair and remunerative price (FRP) of cane to Rs 275 per quintal for the marketing year starting October, against Rs 255 this year.

SUGARCANE, SUGARCANE INDUSTRYAssuming that the pan-India recovery rate remains the same (10.8%) as this year, the cane FRP will effectively rise just 2.4% per quintal to Rs 297 in 2018-19 — lower than over 14% hike in the effective FRP a year before. (PTI)

The government is considering a proposal to raise the fair and remunerative price (FRP) of cane to Rs 275 per quintal for the marketing year starting October, against Rs 255 this year.

However, in a potential relief to mills already struggling with exorbitant cane costs, the proposal by the Commission For Agricultural Costs and Prices (CACP) involves a tightening of the criterion for farmers to get premium for supplying quality cane.

Assuming that the pan-India recovery rate remains the same (10.8%) as this year, the cane FRP will effectively rise just 2.4% per quintal to Rs 297 in 2018-19 — lower than over 14% hike in the effective FRP a year before.

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