Why sugarcane price hike may not benefit Punjab, Uttar Pradesh farmers
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The Narendra Modi government’s move to hike the support price or Fair and Remunerative Price (FRP) for the sugarcane crop by 8 per cent amid the farmers’ protest will not have a significant impact in states such as Punjab, Haryana, Uttar Pradesh and Uttarakhand.
This is so because these states have a provision of a State Advised Price (SAP), which is significantly higher than the FRP. In fact, farmers are already earning approximately Rs 40-60 per quintal more under SAP than the newly announced rate by the Centre.
Source Link:https://www.indiatoday.in/india/story/sugarcane-support-price-increase-will-not-benefit-punjab-uttar-pradesh-farmers-2506103-2024-02-23
