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Monday / February 3. 2025

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HomePosts Tagged "Fair and Remunerative Price (FRP)"
Acts & Schemes – Centre, Agribusiness, India, Trade

Haryana becomes the first state in the nation to purchase 24 crops at the minimum support price (MSP) , said Agriculture and Farmers’ Welfare Minister Shyam Singh Rana, while attending Kisan Diwas celebration at Chaudhary Charan Singh Haryana Agricultural University (HAU)

Speaking at Kisan Diwas, Minister Rana greeted the farming community and thanked Chief Minister Nayab Singh Saini for his leadership in releasing the announcement that ensures MSP procurement for all 24 of the state’s crops. According to him, it is a revolutionary move for the farmers in the state.

According to the government, the ruling is intended to guarantee farmers receive fair rates for their produce. Ten other crops, including Ragi, Soybean, Nigerseed, Safflower, Barley, Maize, Jowar, Jute, Copra, and Summer Moong, are purchased by government agencies on the MSP in accordance with the notification.

Important food and cash crops like paddy, bajra, kharif moong, urd, arhar, til, cotton, groundnut, wheat, mustard, gram, masur, sunflower, and sugarcane will now be included in the list of 14 crops already purchased at MSP.

All of the notified crops are guaranteed to be purchased at the government-announced MSP since the notification complies with the Central government’s MSP policy. Furthermore, the state government will continue to purchase sugarcane at a Fair and Remunerative Price (FRP) of Rs 400 per quintal. However, farmers who have registered on the Meri Fasal Mera Bayora site will be able to sell their produce on MSP, according to state agriculture department officials.

Chief Minister Nayab Saini stated, “The state government has guaranteed to procure 100 per cent of all farmers’ crops, so the decision was taken in the interest of the state’s farmers.”

Haryana Agriculture and Farmers Welfare Minister Shyam Singh Rana greeted farmers on the occasion of National Farmers’ Day, stating that Haryana is now the only state in the nation to purchase all 24 notified crops at the MSP set by the union government.

The action also has significant political ramifications because farmers in Punjab, a nearby state, were demonstrating against the union government and calling for legislation to ensure MSP. The state governments can also guarantee the purchase of all crops on MSP, according to the Haryana government’s decision.

Haryana becomes the first state in the

AgroPolicy, Finance, India, Schemes - Govt, Sugar industry

Fixed FRP of sugarcane at Rs. 340 per quintal for a basic recovery rate of 10.25% which is about 8 per cent higher than FRP of sugarcane for current season 2023-24.

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the Fair and Remunerative Price (FRP) of sugarcane for Sugar Season 2024-25 at Rs 340/quintal at sugar recovery rate of 10.25 per cent. This is historic price of sugarcane which is about 8 per cent higher than FRP of sugarcane for current season 2023-24. The revised FRP will be applicable w.e.f. 01 Oct 2024.

At 107 per cent higher than A2+FL cost of sugarcane, the new FRP will ensure prosperity of sugarcane farmers. It is noteworthy that India is already paying the highest price of sugarcane in the world and despite that Government is ensuring the world’s cheapest sugar to domestic consumers of Bharat. This decision of Central Government is going to benefit more than 5 crore sugarcane farmers (including family members) and lakhs of other persons involved in sugar sector. It re-confirms fulfilment of Modi ki Guarantee to double farmers’ income.

With this approval, sugar mills will pay FRP of sugarcane @ Rs 340/quintal at recovery of 10.25%. With each increase of recovery by 0.1 per cent, farmers will get additional price of Rs 3.32 while the same amount will be deducted on reduction of recovery by 0.1 per cent. However, Rs 315.10/quintal is the minimum price of sugarcane which is at recovery of 9.5 per cent. Even if sugar recovery is lesser, farmers are assured of FRP @ Rs 315.10/quintal.

In last 10 years, Modi Sarkar has ensured that farmers get Right Price of their Crop in Right Time. 99.5% cane dues of previous sugar season 2022-23 and 99.9 per cent of all other sugar seasons are already paid to farmers leading to the lowest cane arrears pending in history of sugar sector. With timely policy interventions by the Government, sugar mills have become self-sustainable and no financial assistance is being given to them by Government since SS 2021-22. Still, Central Government has ensured ‘Assured FRP and Assured Procurement’ of sugarcane to farmers.

Fixed FRP of sugarcane at Rs. 340

AgroPolicy, Sugar industry

To increase income of farmers, Government has increased FRP by more than 34% in past 8 years.

Keeping in view interest of sugarcane farmers (Ganna Kisan), the Cabinet Committee on Economic Affairs chaired by Hon’ble Prime Minister Narendra Modi has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October – September) at Rs. 305/qtl for a basic recovery rate of 10.25 per cent, providing a premium of Rs 3.05/qtl for each 0.1 per cent increase in recovery over and above 10.25 per cent, & reduction in FRP by Rs. 3.05/qtl for every 0.1% decrease in recovery. However, the Government with a view to protect interest of sugarcane farmers has also decided that there shall not be any deduction in case of sugar mills where recovery is below 9.5 per cent. Such farmers will get Rs 282.125/qtl for sugarcane in ensuing sugar season 2022-23 in place of Rs. 275.50/qtl in current sugar season 2021-22. FRP of sugarcane is fixed to ensure a guaranteed price to sugarcane growers. Government has increased FRP by more than 34% in past 8 years.

The A2 + FL cost of production of sugarcane (i.e actual paid out cost plus imputed value of family labour) for the sugar season 2022-23 is Rs 162/qtl. This FRP of Rs. 305/qtl at a recovery rate of 10.25 per cent is higher by 88.3 per cent over cost of production, thereby ensuring the promise of giving the farmers a return of more than 50 per cent over their cost. The FRP for sugar season 2022-23 is 2.6 per cent higher than current sugar season 2021-22.

Decision will benefit 5 crore sugarcane farmers (Ganna Kisan) and their dependents, as well as 5 lakh workers employed in the sugar mills and related ancillary activities. 9 years back, FRP was only Rs 210/ qtl in sugar season 2013-14 & only about 2397 LMT of sugarcane was purchased by sugar mills. Farmers were getting only about Rs. 51,000 cr from sale of sugarcane to sugar mills. However, in past 8 years Government has increased FRP by more than 34 per cent. In the current sugar season 2021-22, about 3,530 lakh tons of sugarcane of worth Rs. 1,15,196 crores was purchased by sugar mills, which is at all-time high.

To increase income of farmers, Government has