Current Affairs - Economy - Discussion

The Cabinet Committee on Economic Affairs (CCEA) approved the Fair and Remunerative Price (FRP) for sugarcane at Rs. 365 per quintal for the Sugar Season 2026-27. This rate is applicable for a basic recovery rate of 10.25% and will come into effect from October 1, 2026. Farmers are eligible for additional premiums if the sugar recovery rate exceeds the benchmark, while deductions apply for lower recovery rates. The decision benefits nearly 5 crore sugarcane farmers and lakhs of workers employed in sugar mills and related industries. The FRP system ensures fair compensation to farmers while maintaining stability in the sugar sector.