Fair Remunerative Price is declared for Sugarcane
Q. Fair Remunerative Price is declared for which of the following?
1) Rice and Wheat
2) Tea
3) Sugarcane- Published on 23 Aug 16a. 3
b. 1, 2
c. 1, 3
d. All of the above
ANSWER: 3
- In case of sugarcane, MSP has been assigned a statutory status and as such the announced price is termed as statutory minimum price, rechristened as Fair Remunerative Price (FRP).
- There is statutory binding on sugar factories to pay the minimum announced price and all those transactions or purchase at prices lower than this are considered illegal.
