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Govt hikes sugarcane price by Rs 20 per quintal to Rs 275 from October

The fair and remunerative price (FRP) of Rs 275 a quintal will be linked to the 10% recovery rate and for every additional 0.1% rise in recovery a premium of Rs 2.75 will be paid

Sugarcane growers
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Settlement of arrears within 14 days of sale was a prominent pre-poll promise of the Bharatiya Janata Party

Sanjeeb Mukherjee New Delhi
The government on Wednesday decided to increase the minimum price sugar mills pay cane growers by Rs 20 per quintal to Rs 275 per quintal for the 2018-19 marketing year starting October.
 
“The price that has been approved by the Cabinet for the 2018-19 season is around 77.42 per cent more than estimated cost of production. It is in line with the Centre’s commitment to giving a fair price to farmers,” Telecom Minister Ravi Shankar Prasad told reporters after the meeting of the Cabinet Committee on Economic Affairs (CCEA).
 
The fair and remunerative price (FRP) of Rs 275

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