Indian sugar mills association

CCEA may consider Rs.20/q hike in cane price for '18-19

Date:	18 Jul 2018

Source:	The Economic Times

Reporter:	PTI

News ID:	34355

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The Union Cabinet will consider tomorrow a proposal to increase the minimum price that sugar mills are required to pay to cane growers by Rs 20 to Rs 275 per quintal for the next marketing year starting October, according to sources.

The Cabinet Committee on Economic Affairs (CCEA) is scheduled to meet tomorrow and is likely to consider a proposal to fix the Fair and Remunerative Price (FRP) of sugarcane for the 2018-19 marketing year, they added.

The government recently announced a sharp increase in the minimum support price (MSP) of kharif (summer-sown) crops including paddy.

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