The Fair and Remunerative Price (FRP) of surgarcane is approved by the
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A.
Cabinet Committee on Economic Affairs.
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B.
Commission for Agricultural Costs and Prices.
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C.
Directorate of Marketing and Inspection, Ministry of Agriculture
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D.
Agricultural Produce Market
Committee
Correct Answer:
A. Cabinet Committee on Economic Affairs.
Explanation:
The correct answer is (a) Cabinet Committee on Economic Affairs.
Explanation:
The Fair and Remunerative Price (FRP) of sugarcane is the minimum price that sugar mills are legally required to pay to sugarcane farmers for their produce.
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, gives the final approval to the FRP of sugarcane based on the recommendations made by the Commission for Agricultural Costs and Prices (CACP).
The CACP advises on the price after analyzing factors like the cost of production, sugar recovery rate, and market prices, but it does not have the authority to approve the final FRP.
The FRP is fixed uniformly under the Sugarcane (Control) Order, 1966 and is applicable across the country. It ensures fair payment to farmers regardless of sugar mill profits.
State governments can set State Advised Prices (SAP) which may be higher than the FRP to support local farmers.
In summary, the FRP of sugarcane is approved by the Cabinet Committee on Economic Affairs based on CACP's recommendations.
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