Punjab govt issues notification for increased rate of sugarcane
12 November 2022, Punjab: Punjab agriculture minister said during calander year 2022-23, the FRP and difference between SAP value between Punjab government and private sugar mills is fixed at a 2:1 ratio
The Punjab government has issued a notification regarding the increased rate of sugarcane. In a statement issued here, agriculture minister Kuldeep Singh Dhaliwal said during the calander year 2022-23, the Fair and Demonstrative Price (FRP) and the difference between State Agreed Price (SAP) value between Punjab government and private sugar mills is fixed at a 2:1 ratio.
It is worth mentioning that the price of all types of sugarcane was fixed by the central government at ₹305 per quintal. The government led by the chief minister Bhagwant Mann, increased the price of advanced quality sugarcane at ₹380 per quintal, medium quality ₹370 and late quality ₹365 per quintal.
The agriculture minister further informed that the state government’s share of ₹50 per quintal will be directly deposited in the accounts of sugarcane farmers and all sugar mills will start crushing sugarcane from November 20.
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