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Kharif crop minimum support prices to be in place next week

This price will not only be higher than the FRP of the 2017-18 season, but will also incentivise those farmers whose recovery from sugarcane will be higher than 9.5 per cent

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Last Updated : Jun 30 2018 | 2:31 AM IST

Prime Minister Narendra Modi said on Friday the much-awaited minimum support prices (MSPs) for kharif crops for the 2018-19 season, to be fixed at least 1.5 times of the production cost, would be announced next week.

Addressing a group of sugarcane farmers at his residence, Modi said that in the next two weeks, the government would also announce the fair and remunerative price (FRP) for sugarcane.

This price will not only be higher than the FRP of the 2017-18 season, but will also incentivise those farmers whose recovery from sugarcane will be higher than 9.5 per cent. The sugar season starts from

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