NEW DELHI: In a move to provide a boost to sugarcane farmers, the Central government announced an increase in the fair and remunerative price (FRP) of cane for the upcoming 2023-24 season, scheduled to commence in October. The revised FRP stands at Rs 315 per quintal, reflecting a significant hike of Rs 10.
The FRP serves as the minimum price that mills are obligated to pay to the diligent sugarcane growers. The decision to augment the sugarcane FRP was reached during a meeting of the Union cabinet held on Wednesday.
Highlighting the government's unwavering commitment to the agricultural sector and the welfare of farmers, Anurag Thakur, the Minister of Information and Broadcasting, expressed the administration's emphasis on prioritizing agriculture. Thakur stated that this raise in FRP is a testament to the government's continuous support for the farming community.
Remarkably, the FRP has witnessed a consistent upward trajectory over the years. Starting from Rs 210 per quintal in the 2014-15 season, the remunerative price has now escalated to Rs 315 per quintal for the upcoming 2023-24 season. This progressive increase underscores the government's persistent efforts to empower sugarcane farmers and ensure their prosperity.
The government's decision to enhance the sugarcane remunerative price demonstrates its dedication to uplifting the agriculture sector and fostering the growth and well-being of farmers across the nation.