Which of the following statements is/are correct with reference to the Fair and Remunerative Price (FRP) of sugarcane?

Which of the following statements is/are correct with reference to the Fair and Remunerative Price (FRP) of sugarcane?

A. It is approved by Cabinet Committee on Economic Affairs.

B. The FRP has been determined on the basis of recommendations of Commission for Agricultural Costs and Prices (CACP) and after consultation with State Governments and other stake-holders.

C. Both A & B

D. None of these

Explanation:

The Centre approved Fair and Remunerative Price (FRP) of sugarcane for the sugar season 2021-22 at Rs 290/quintal, calling it the “highest ever”. The increase over last year is Rs 5. The cost of production of sugarcane for the sugar season 2021-22 is Rs. 155 per quintal. This FRP of Rs. 290 per quintal at a recovery rate of 10% is higher by 87.1% over production cost, thereby giving the farmers a return of much more than 50% over their cost.