The Fair and Remunerative Price (FRP) of sugarcane is approved by the

The Fair and Remunerative Price (FRP) of sugarcane is approved by the

Cabinet Committee on Economic Affairs
Commission for Agricultural Costs and Prices
Directorate of Marketing and Inspection, Ministry of Agriculture
Agricultural Produce Market Committee
This question was previously asked in
UPSC IAS – 2015
The Fair and Remunerative Price (FRP) of sugarcane is approved by the Cabinet Committee on Economic Affairs (CCEA).
The Commission for Agricultural Costs and Prices (CACP) is an advisory body that recommends the Minimum Support Prices (MSPs) for various crops and the Fair and Remunerative Price (FRP) for sugarcane. However, the final approval for the FRP comes from the Union Cabinet, specifically the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister.
FRP is the minimum price that sugar mills are legally required to pay to farmers for sugarcane. It is fixed by the Central Government under the Sugarcane (Control) Order, 1966. States can also declare their own State Advised Price (SAP), which is usually higher than the FRP.
Exit mobile version