New Delhi, August 19
The Centre on Wednesday determined to extend the minimal worth sugar mills pay to sugarcane growers by Rs 10 to Rs 285 per quintal for the subsequent advertising yr beginning October 2020, in response to official sources.
A call to extend the Fair and Remunerative Price (FRP) of sugarcane for 2020-21 advertising yr (October-September) was taken within the assembly of the Cabinet Committee on Economic Affairs (CCEA) held right here.
According to the sources, the CCEA has authorised the Food Ministry’s proposal on growing the sugarcane FRP by Rs 10 per quintal from the prevailing Rs 275 per quintal.
It is according to the advice of the Commission of Agricultural Costs and Prices (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 (Control) Order, 1966, is the minimal worth that sugar mills should pay to sugarcane farmers.
Major sugarcane producing states corresponding to Uttar Pradesh, Punjab and Haryana repair their very own sugarcane worth referred to as ‘state advisory prices’ (SAPs), that are normally larger than the Centre’s FRP.
The authorities estimates the nation’s complete 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 resulting from sharp fall in cane acreage in Maharashtra and Karnataka. PTI