India: India Increases Fair and Remunerative Price for Sugarcane Marketing Year 2023-24

  |   Attaché Report (GAIN)   |   IN2023-0048

Report highlights: On June 28, 2023, the Cabinet Committee on Economic Affairs updated its Fair and Remunerative Price (FRP) for sugarcane marketing year (MY) 2023/2024 from INR 305 per quintal (USD $3.72/quintal) to a new high of INR 315 per quintal (USD $3.84/quintal). The new FRP will take effect starting October 1, 2023.

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