23.02.2024
The Fair and Remunerative Price , Daily Current Affairs , RACE IAS : Best IAS Coaching in Lucknow
For Prelims:About Fair and Remunerative Price, factors |
Why in the news?
Recently, the Cabinet Committee on Economic Affairs approved ₹340/quintal as the Fair and Remunerative Price (FRP) of sugarcane for the sugar season 2024-25 at a sugar recovery rate of 10.25%.
About Fair and Remunerative Price:
○cost of production of sugarcane
○return to the growers from alternative crops and the general ○trend of prices of agricultural commodities
○availability of sugar to consumers at a fair price
○price at which sugar produced from sugarcane is sold by sugar producers;
○recovery of sugar from sugarcane;
○the realisation made from the sale of by-products viz. molasses, bagasse and press mud or their imputed value
○reasonable margins for the growers of sugarcane on account of risk and profits.
Source:The Hindu