Karnataka raises sugarcane FRP by ₹100, farmers end strike
after close1 source ↓written by the desknot a recommendation
- for sugarcane
- ₹100 per tonne
- now set
- ₹3,300 per tonne
- to this increase
- ₹50
The Karnataka government has increased the Fair and Remunerative Price (FRP) for sugarcane by ₹100 per tonne, now set at ₹3,300 per tonne. This decision follows extensive discussions with farmer leaders and sugar mill representatives, leading to the withdrawal of farmers' protests. The state and mills will each contribute ₹50 to this increase.
This move may stabilize the sugar sector and improve farmer sentiment, potentially impacting sugar stocks positively. The government also plans to advocate for higher Minimum Support Prices (MSP) for sugar and related policies at the national level.
Not investment advice. For informational purposes only.