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 16

a. 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.

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