PM Modi says, 'Committed to fulfill every resolution related to farmers’ welfare'. All you need to know

livemint.com:

PM attends Amul's Golden Jubilee, says, ‘Focus is on welfare of small farmers’ On the same day, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the Fair and Remunerative Price (FRP) of sugarcane for Sugar Season 2024-25 at ₹340 per quintal at a sugar recovery rate of 10.25%. This was the historic price of sugarcane, which is about 8 per cent higher than the FRP of sugarcane for the current season (2023-24). The revised FRP will be applicable from October 1, 2024.

Union Cabinet approves hike in sugarcane FRP by ₹25 to ₹340 per quintal amid farmers' protest "At 107 per cent higher than the A2 FL cost of sugarcane, the new FRP will ensure the prosperity of sugarcane farmers. It is noteworthy that India is already paying the highest price of sugarcane in the world and despite that, the government is ensuring the world's cheapest sugar for domestic consumers in Bharat," a Cabinet Committee on Economic Affairs release said. "This decision of the Central Government is going to benefit more than 5 crore sugarcane farmers (including family members) and lakhs of other persons involved in the sugar sector.

It re-confirms the fulfilment of the Modi ki Guarantee to double farmers' income," the release said. Who is Shubhkaran Singh, the 21-year-old farmer who died at Khanauri border With this approval, sugar mills will pay FRP of sugarcane at ₹340 per quintal at the recovery of 10.25 per cent. With each increase of recovery by 0.1 per cent, farmers will get the additional price of ₹3.32 while the same amount will be deducted on the reduction of recovery by 0.1 per cent.