Current Affairs - Economy - Discussion

The Union Cabinet, under the leadership of Prime Minister Narendra Modi and the Cabinet Committee on Economic Affairs, has approved the Fair and Remunerative Price (FRP) for sugarcane at Rs. 355 per quintal for the 2025–26 season. This price is set for a basic recovery rate of 10.25 per cent. The FRP is the minimum price that sugar mills are required to pay to sugarcane farmers and plays a crucial role in protecting farmer interests, especially in a country like India, which is the world's largest producer and consumer of sugar.