Cabinet approves hike in sugarcane Fair and Remunerative Price by ₹25 to ₹340 per quintal for 2024-25 season

Syllabus: GS-III

Subject: Economy

Topic: Agriculture and allied

Issue: Fair and Remunerative Price

Tags: #FRP #SugarCane #MSP

Context: The government has announced hiking sugarcane FRP by ₹25 to ₹340 per quintal for the 2024-25 season.

Fair and Remunerative Price (FRP):

  • It is the minimum price at which mill owners are bound to purchase sugarcane from the farmers.
  • It is based on ‘Sugarcane Control Order 1966′ under the Essential Commodities Act 1955.
  • It is determined on the basis of recommendations of the Commission for Agricultural Costs and Prices (CACP).
  • Approved by Cabinet Committee on Economic Affairs (CCEA).
  • Some States announce their own State Advised Price (SAP) for sugarcane.

Prelims Connect:

Commission for Agricultural Costs and Prices (CACP):

  • It is an attached office of the Ministry of Agriculture and Farmers Welfare.

It is an advisory body and hence its recommendations are not binding on the government.

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