New Delhi: Government has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October – September) at Rs. 305/qtl for a basic recovery rate of 10.25%, providing a premium of Rs. 3.05/qtl for each 0.1% increase in recovery over and above 10.25%, & reduction in FRP by Rs. 3.05/qtl for every 0.1% decrease in recovery.
Decision will benefit 5 crore sugarcane farmers and their dependents, as well as 5 lakh workers employed in the sugar mills and related ancillary activities. 9 years back, FRP was only Rs. 210/ qtl in sugar season 2013-14 & only about 2397 LMT of sugarcane was purchased by sugar mills. Farmers were getting only about Rs. 51,000 cr from sale of sugarcane to sugar mills. However, in past 8 years Government has increased FRP by more than 34%. In the current sugar season 2021-22, about 3,530 lakh tons of sugarcane of worth Rs. 1,15,196 cr was purchased by sugar mills, which is at all time high.
(Source: PIB)
