Dikhyaa Mohanty 
Under the direction of Prime Minister Narendra Modi, the Cabinet Committee on Economic Affairs authorized the Fair and Remunerative Price (FRP) of sugarcane for the 2024–25 sugar season at ₹ 340/quintal at a 10.25% sugar recovery rate. An official news release states that this is a historic price for sugarcane, approximately 8% more than the FRP for the current season, 2023–2024. The updated FRP will take effect on October 1, 2024. The new FRP will guarantee the prosperity of sugarcane growers, as it is 107% greater than the A2+FL cost of sugarcane.
It is interesting to note that, despite paying the highest price in the world for sugarcane, India’s government guarantees that home Bharat consumers would receive the lowest sugar available worldwide. The Central Government’s decision will help lakhs of other people working in the sugar industry as well as over 5 crore sugarcane farmers (including family members). Sugar mills will pay FRP of sugarcane @ ₹ 340/quintal with recovery of 10.25% with this sanction. Farmers will receive an extra ₹ 3.32 for every 0.1% rise in recovery, but the same amount will be withheld in the event of a 0.1% decrease in recovery. The minimum price of sugarcane, which is at a 9.5% recovery, is ₹ 315.10/quintal. Despite a lower sugar recovery, farmers are guaranteed of FRP @ ₹ 315.10/quintal.
Modi Sarkar has made sure that farmers receive the right price for their crop at the right time during the past ten years. The previous sugar season’s 99.5% cane dues and 99.9% of all other sugar seasons had already been paid to farmers, resulting in the lowest cane arrears in the history of the sugar industry. Sugar mills have achieved self-sufficiency through prompt policy actions by the government, and they have not received any financial support from the government since SS 2021–2022. Nonetheless, farmers are guaranteed “Assured FRP and Assured Procurement” of sugarcane by the Central Government.
