Recovery rate is the amount of sugar that sugarcane fetches and higher the quantum of sugar derived from sugarcane, greater the price it fetches in the market
The Cabinet on Wednesday hiked the fair and remunerative price (FRP) of sugarcane for the 2022-23 season, which starts from October, by Rs 15 per quintal to Rs 305, triggering calls from sugar mills for a commensurate rise in the minimum sale price (MSP) of sugar to keep their businesses competitive.
According to the Sugarcane (Control) Order of 1966, FRP is the minimum price that sugar mills have to pay to sugarcane farmers, while MSP is the minimum sale price of sugar that they get helping them recover their cost of production.
Following the Cabinet decision, the FRP of Rs 305
First Published: Aug 03 2022 | 8:35 PM IST