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Government increases sugarcane FRP to Rs 275

Wednesday - July 18, 2018 4:44 pm , Category : INDIA
 Government increases sugarcane FRP to Rs 275
Government increases sugarcane FRP to Rs 275
New Delhi July 18 (IANS) The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a Rs 20 per quintal increase in the Fair and Remunerative Price (FRP) for sugarcane to Rs 275 for the 2018-19 season starting October sources said.
The FRP is minimum price legally guaranteed to farmers for sugarcane.
As per the estimates issued by industry body Indian Sugar Mills Association (ISMA) total sugar production in season 2018-19 starting October is expected to be 35-35.5 million tonnes.

--IANS vv-spk/vd