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=> Recently, Maharashtra allowed payment of Fair and Remunerative Prices (FRP) in two instalments.
About Fair and Remunerative Prices (FRP):
=> The concept of Statutory Minimum Price (SMP) of sugarcane was replaced with the ‘Fair and Remunerative Price (FRP)’ of sugarcane for 2009-10 and subsequent sugar seasons with the amendment of the Sugarcane (Control) Order, 1966 in 2009.
=> The cane price announced by the Central Government is decided on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP) in consultation with the State Governments and after taking feedback from associations of the sugar industry.
Commission for Agricultural Costs and Prices (CACP):
=> About: It is an attached office of the Ministry of Agriculture and Farmers Welfare, Government of India. It came into existence in January 1965.
=> Mandate: To recommend minimum support prices (MSPs) to incentivize the cultivators to adopt modern technology, and raise productivity and overall grain production in line with the emerging demand patterns in the country.
=> CACP submits its recommendations to the government in the form of Price Policy Reports every year, separately for five groups of commodities namely Kharif crops, Rabi crops, Sugarcane, Raw Jute and Copra.
By: ASRAF UDDIN AHMED ProfileResourcesReport error
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