Government raises sugarcane RFP for 2014-15 to Rs 220 per quintal
Updated: Feb 10, 2014 02:47:30pm
New Delhi, Feb 10 (KNN) The government has raised the Fair and Remunerative Price (RFP) for sugarcane for the 2014-15 sugarcane season to Rs 220 per quintal from Rs 210 per quintal for 2013-14.
FRP is the minimum price that sugarcane farmers are legally guaranteed which is fixed after taking into consideration the margins for sugarcane farmers, based on the cost of production of sugarcane, including the cost of transportation.
However, the state governments are free to fix their own statutory advised price (SAP) and millers can offer any price above the FRP.
The government has pegged sugar output at 24.1 million tonnes for this year, lower than 25 million tonnes achieved in the 2012-13.
“A state is free to top up the FRP and decide the price that sugar mills must pay to sugarcane farmers in that state,” according to an official release.
Wheat MSP for the current crop is Rs 1400 per quintal whereas it was Rs 640 per quintal ten years back. In the same period, rice MSP has gone up to Rs. 1310 per quintal from 560 /quintal.
The MSP for tur (arhar, pigeonpea), a major pulse crop, has been raised this year to Rs 4300 per quintal; it was Rs 1390 /quintal a decade back.
Similar significant increases have occurred in the case of oilseeds; mustard MSP for the current crop is Rs 3050 while it was just Rs 1700 per quintal in 2004-05. The present groundnut MSP at Rs 4000 per quintal has more than doubled from Rs 1500 per quintal in 2004-05. (KNN Bureau)
FRP is the minimum price that sugarcane farmers are legally guaranteed which is fixed after taking into consideration the margins for sugarcane farmers, based on the cost of production of sugarcane, including the cost of transportation.
However, the state governments are free to fix their own statutory advised price (SAP) and millers can offer any price above the FRP.
The government has pegged sugar output at 24.1 million tonnes for this year, lower than 25 million tonnes achieved in the 2012-13.
“A state is free to top up the FRP and decide the price that sugar mills must pay to sugarcane farmers in that state,” according to an official release.
Wheat MSP for the current crop is Rs 1400 per quintal whereas it was Rs 640 per quintal ten years back. In the same period, rice MSP has gone up to Rs. 1310 per quintal from 560 /quintal.
The MSP for tur (arhar, pigeonpea), a major pulse crop, has been raised this year to Rs 4300 per quintal; it was Rs 1390 /quintal a decade back.
Similar significant increases have occurred in the case of oilseeds; mustard MSP for the current crop is Rs 3050 while it was just Rs 1700 per quintal in 2004-05. The present groundnut MSP at Rs 4000 per quintal has more than doubled from Rs 1500 per quintal in 2004-05. (KNN Bureau)
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