The government has fixed the support price of sugarcane at Rs. 15 increased by Rs. turned 305
The government has increased the support price of sugarcane by Rs 15 to Rs 305 per quintal for the marketing year 2022-23 starting from October. Farmers will get at least Rs 305 per quintal of sugarcane from sugar mills.
This decision of the government will benefit five crore sugarcane farmers, their blessings, sugar mills and five lakh workers involved in related activities.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved the decision to fix the support price of sugarcane at Rs 305 for the marketing year (October-September) 2022-23.
The production cost of one quintal of sugarcane for the marketing year 2022-23 has been fixed at Rs 162.
The government has said in a statement that the support price will be kept at Rs 305 per quintal against the fall of Rs 162 per quintal. That is, farmers will get a benefit of Rs 142 per quintal. That is, farmers will get a benefit of 88 percent on the fallow price. Thus, the government has fulfilled its promise of giving more than 50 per cent benefit to the farmers.