[ad_1]
Union cupboard determined to extend truthful and remunerative costs for sugarcane for the subsequent season by Rs 25 to Rs 340 per quintal, from Rs 315 earlier, stated Anurag Thakur whereas addressing media on Wednesday.
“The cupboard has authorised the best ever Truthful and Remunerative Worth of Rs 340/qtl for Sugarcane Farmers for sugar season 2024-25,” stated Thakur.
FRPs for sugarcane are usually mounted to make sure a assured value to sugarcane growers and thus it doesn’t take into consideration whether or not sugar mills will generate revenue or keep within the pink. Analysts opine that increased FRPs typically harm the margins of the sugar mills.
The FRP of sugarcane is mounted to make sure a assured value to sugarcane growers. In accordance with a 2022 report, the federal government has elevated FRP by greater than 34 per cent within the final eight years.
Extra to return.
(Now you can subscribe to our Financial Instances WhatsApp channel)
