Govt. Approves Sugarcane FRP of Rs. 305 per Quintal for FY23 Season
CEOInsights Team, 0
A premium of Rs.3.05 per quintal has been provided for each 0.1 percent increase in recovery over and above 10.25 percent, while there will be a reduction in FRP by Rs.3.05 per quintal for every 0.1 percent decrease in recovery.
Aiming to protect interest of sugarcane farmers, the CCEA has also decided that there would not be any deduction in case of sugar mills where recovery is below 9.5 percent. Such farmers are likely to get Rs.282.125 per quintal for sugarcane in 2022-23 as against Rs.275.50 per quintal in current sugar season 2021-22.
The cost of production of sugarcane for 2022-23 marketing year is Rs.162 per quintal. "This FRP of Rs.305 per quintal at a recovery rate of 10.25 percent is higher by 88.3 percent over cost of production, thereby ensuring the promise of giving the farmers a return of more than 50 percent over their cost. The FRP for sugar season 2022-23 is 2.6 per cent higher than current sugar season 2021-22", the government has said in a statement, adding that the Centre has increased FRP by more than 34 percent in past eight years.
Aiming To Protect Interest Of Sugarcane Farmers, The CCEA Has Also Decided That There Would Not Be Any Deduction In Case Of Sugar Mills Where Recovery Is Below 9.5 Percent
The cost of production of sugarcane for 2022-23 marketing year is Rs.162 per quintal. "This FRP of Rs.305 per quintal at a recovery rate of 10.25 percent is higher by 88.3 percent over cost of production, thereby ensuring the promise of giving the farmers a return of more than 50 percent over their cost. The FRP for sugar season 2022-23 is 2.6 per cent higher than current sugar season 2021-22", the government has said in a statement, adding that the Centre has increased FRP by more than 34 percent in past eight years.