Explain the impact of Centre's decision to increase the Fair and Remunerative Price of sugarcane.
Centre increased Fair and Remunerative Price of sugarcane, affecting sugarcane farmers.
- Higher Fair and Remunerative Price (FRP) provides better income to sugarcane farmers, improving their livelihoods.
- This decision incentivizes farmers to cultivate more sugarcane, leading to increased production and higher supply in the market.
- Increased FRP can result in higher costs for sugar mills, potentially driving up sugar prices for consumers.
- It helps in addressing the issue of farmer distress by ensuring better returns on their crops.
- This decision may lead to a boost in rural economy as the increased income for farmers can lead to higher spending in rural areas.
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a year ago