Govt hikes sugarcane FRP by 23.5% to Rs 210/qtl for 2013-14
- J&K crisis: Governor asks PDP, BJP to clarify stand on govt formation
- Inexcusable: Delhi Police brutally assault student protesters outside RSS HQs
- Andhra quota stir takes violent turn, train set on fire
- MS Dhoni's 'great speech' to team after whitewash: ‘Don’t slip from here’
- Is Gujarat not part of India? SC questions failure in implementing MNREGA, Food Act
The government today increased the sugarcane price that mills are required to pay to farmers by 23.5 per cent to Rs 210 per quintal for the year starting October 2013.
The Fair and Remunerative Price (FRP), the minimum price that sugarcane farmers are legally guaranteed, was at Rs 170 per quintal in the 2012-13 marketing year (October-September).
"The Cabinet Committee on Economic Affairs (CCEA) has approved sugarcane FRP for 2013-14 at Rs 210 per quintal. This is an increase of Rs 40 per quintal from the last year," Food Minister K V Thomas told reporters after the meeting.
The CCEA has approved the proposal of the Food Ministry, which was in line with the recommendation of the Commission for Agricultural Costs and Prices (CACP) that suggested Rs 40 increase in the FRP at Rs 210 per quintal for 2013-14.
The CACP is a statutory body and advises the government on the pricing policy for major farm produce.
The FRP is the sugarcane price fixed by the Centre but there are some states like Uttar Pradesh and Tamil Nadu which announce their own rate called state advisory price (SAP). The SAP is much more than the FRP.
The FRP is linked to a basic recovery rate of 9.5 per cent, subject to a premium of Rs 1.46 for every 0.1 percentage point increase in recovery above 9.5 per cent. The recovery rate is the quantity of sugar that is produced from the crushed cane. Separately, Thomas said the sugar production forecast for the ongoing 2012-13 marketing year has been revised upward to 24 million tonnes from 23.5 million tonnes.
"Earlier, we had estimated sugar output for 2012-13 at 23.5 million tonnes. Now, this has been revised to 24 million tonnes, whereas the industry body ISMA estimated 24.2 million tonnes," the minister said.
- Ten years on, MGNREGA requires constant review. And consistency in political support
- The global economy is in trouble but India is attracting positive comment
- India’s expanding stakes in the US demand a more strategic view of changing American politics
- Supreme Court has an opportunity to rectify its ruling on Section 377
- And everyone loves censorship — or so it seemed, at a session at the Jaipur Lit Fest
- The problem in Arunachal is as much about politics as about institutional norms