What sugarcane FRP price hike means for sugar stocks
Cabinet has approved the highest ever FRP for sugarcane farmers by ₹5 to ₹290 per quintal for the 2021-22 season
The Cabinet on Wednesday cleared the decision to increase the Fair and Remunerative Price (FRP) of sugarcane for the 2021-22 marketing year (October-September) in the meeting of the Cabinet Committee on Economic Affairs (CCEA). The government has hiked the minimum price that mills have to pay to sugarcane farmers by ₹5 to ₹290 per quintal, but ruled out any immediate increase in the selling price of sugar.
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