Modi cabinet hikes sugarcane FRP by Rs 10 to Rs 315/quintal for 2023-24 season – The Economic Times Video

The Economic Times


The Centre on Wednesday announced a Rs 10 per quintal hike in sugarcane FRP, which is the minimum price that mills have to pay to sugarcane growers, to Rs 315 per quintal for the 2023-24 season starting October. The decision to increase the Fair and Remunerative Price (FRP) of sugarcane was taken at the meeting of the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi. The FRP of sugarcane has been fixed at Rs 315 per quintal for the 2023-24 season, up 3.28 per cent from current 2022-23 marketing year (October-September).



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