The story so far: As farmers protest on Delhi borders, the Cabinet Committee on Economic Affairs on Wednesday approved ₹340/quintal as the Fair and Remunerative Price (FRP) of sugarcane for sugar season 2024-25 at 10.25% sugar recovery rate. Affirming its ‘guarantee’ to double farmers’ income, the Centre pointed out that the new FRP was 8% higher than that offered in the current season 2023-24. The new FRP will kick in from October 1, 2024, announced Union Information and Broadcasting Minister Anurag Thakur at a press briefing on February 21.
Hailing his Cabinet’s decision, Prime Minister Narendra Modi said the increase in sugarcane purchase price would benefit crores of farmers.
