What is the basic recovery rate for the proposed FRP?

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Proposed Fair and Remunerative Price (FRP) Includes a Basic Recovery Rate of 10.25 Per Cent

The proposed Fair and Remunerative Price (FRP) for sugar cane for the upcoming season includes a basic recovery rate of 10.25 per cent. This proposed price is set at 340 rupees per 100 kg, representing an increase from the current season's rate of 315 rupees.
Proposed FRP Increase for Next Season

The Indian government is planning to raise the floor price for sugar cane, known as the Fair and Remunerative Price (FRP), by approximately 8 per cent for the 2024/25 season. This proposed adjustment would see the FRP increase to 340 rupees per 100 kg, a rise from the 315 rupees per 100 kg set for the current season.
Basic Recovery Rate Specified

The proposed FRP of 340 rupees per 100 kg is based on a specific recovery rate. This rate is set at 10.25 per cent, indicating the benchmark level of sugar extraction from the cane for which the price is determined.
Context of Sugar Cane Pricing

The federal government typically adjusts the FRP almost annually to influence sugar production. This year's proposed increase comes as India's sugar output for the current crop year is expected to fall short of consumption, a situation not seen in seven years. Lower plantings are also a concern, potentially necessitating imports in the subsequent year.

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What is the basic recovery rate for the proposed FRP?

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