Union cabinet decided to increase fair and remunerative prices for sugarcane for the next season by Rs 10 to Rs 315 per quintal, said Anurag Thakur while addressing media on Wednesday. FRPs for sugarcane are typically fixed to ensure a guaranteed price to sugarcane growers and thus it does not take into account whether sugar mills will generate profit or stay in the red. Analysts opine that higher FRPs generally hurt the margins of the sugar mills. Most sugar industry stocks where tradin .. Last year, the government had increased the minimum price that mills have to pay to sugarcane growers by Rs 15 to Rs 305 per quintal for the 2022-23 marketing year starting October last year. The decision was aimed at benefiting around 5 crore sugarcane farmers and their dependents, as well as about 5 lakh workers employed in sugar mills and related ancillary activities. The FRP of sugarcane is fixed to ensure a guaranteed price to sugarcane growers. According to a 2022 report, the govern ..

Union cabinet decided to increase fair and remunerative prices for sugarcane for the next season by Rs 10 to Rs 315 per quintal, said Anurag Thakur while addressing media on Wednesday. FRPs for sugarcane are typically fixed to ensure a guaranteed price to sugarcane growers and thus it does not take into account whether sugar mills will generate profit or stay in the red. Analysts opine that higher FRPs generally hurt the margins of the sugar mills. Most sugar industry stocks where tradin .. Last year, the government had increased the minimum price that mills have to pay to sugarcane growers by Rs 15 to Rs 305 per quintal for the 2022-23 marketing year starting October last year. The decision was aimed at benefiting around 5 crore sugarcane farmers and their dependents, as well as about 5 lakh workers employed in sugar mills and related ancillary activities. The FRP of sugarcane is fixed to ensure a guaranteed price to sugarcane growers. According to a 2022 report, the govern ..