Govt hikes sugarcane price by Rs 10 to Rs 315 per quintal for 2023-24 season
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The central government on Wednesday hiked sugarcane Fair and Remunerative Price (FRP) by Rs 10/quintal to Rs 315/qtl for the 2023-24 season.
The decision to increase the FRP of sugarcane was taken in the meeting of the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi.
I&B Minister Anurag Thakur while announcing the hike said, “The cabinet has approved the highest ever Fair and Remunerative Price of Rs.315/qtl for Sugarcane Farmers for sugar season 2023-24. The decision to benefit 5 crore sugarcane farmers and their dependents, as well as 5 lakh workers employed in the sugar mills and related ancillary activities.”
