How does the Fair and Remunerative Price increase for sugarcane impact the agricultural sector in India
Centre increases Fair and Remunerative Price of sugarcane; will be in force from October 1
- The increase in Fair and Remunerative Price (FRP) for sugarcane by the Indian government will benefit sugarcane farmers by providing them with a higher price for their produce.
- This increase in income for farmers is expected to boost the rural economy and improve the livelihoods of sugarcane growers.
- The higher FRP could encourage more farmers to cultivate sugarcane, leading to increased production and potentially higher sugar output.
- However, there could be concerns about the impact of increased FRP on the profitability of sugar mills and the overall sugar industry in India.
- The government's decision to increase FRP reflects its efforts to support the agricultural sector and ensure fair compensation for farmers.
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a year ago