Question

In August 2020, the Cabinet Committee on Economic Affairs declared the Fair and Remunerative Price of ______ per quintal for sugarcane for the marketing year starting October 2020.
1. Rs. 275
2. Rs. 265
3. Rs. 255
4. Rs. 285

Answer 1

Correct Answer - Option 1 : Rs. 275

The correct answer is Rs. 275.

• The decision to increase the Fair and Remunerative Price (FRP) of sugarcane for the 2020-21 marketing year (October-September) was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA).
• The government had fixed sugarcane FRP at Rs 275 per quintal for the current 2019-20 marketing year.
• The FRP has been fixed in line with the recommendation of the Commission of Agricultural Costs and Prices (CACP), a statutory body that advises the government on the pricing policy for major farm produce.
• The FRP, which is determined under Sugarcane (Control) Order, 1966, is the minimum price that sugar mills have to pay to sugarcane farmers.
• Major sugarcane producing states such as Uttar Pradesh, Punjab and Haryana fix their own sugarcane price called 'state advisory prices.