Search Result for : Cacp

The Dollar Business Bureau  The Cabinet has approved an increase in sugarcane’s fair and remunerative price (FRP) by Rs.25 a quintal to Rs.255 for the season 2017-18 starting from October. In this regard, a decision was taken at the Cabinet Committee on Economic Affairs (CCEA) meeting in New Delhi on Wednesday. The FRP is the lowest price that is legally guaranteed to the sugarcane farmers. On the other hand, the state governments can also set their own state-advised price (SAP) and the mill owners can offer a price more than the FRP. “Sugar mills situation has improved. For 2017-18, sugarcane FRP of Rs.255 per quintal has been approved, which is 10.6% higher than the current level,” Finance Minister Arun Jaitley told journalists after the Cabinet meeting. The sugarcane prices are associated with ...

Source: PTI Expecting a bumper jute crop this season, the Jute Commissioner's (JC) office is all set to recommend to the Centre against dilution of mandatory jute packaging on fears that it may drive farmers to suicide.  A meeting of the Standing Advisory Committee (SAC) of the Ministry of Textiles on July 15 is slated to discuss the procurement plan for the 2016-17 season. The JC forecasts jute production during the current season to be in excess of 90 lakh bales. The commissionerate officials feel that any dilution in mandatory packaging in food grains from the current 90 per cent would set back demand of jute bags, forcing mills to cut down production leading to large-scale unemployment, which could create a law and order situation as well. If ...

The Dollar Business Bureau The government on Wednesday hiked the minimum support price (MSP) of pulses by up to Rs. 425 per quintal for the year 2016-17 to boost domestic production and check price rise.It has also announced a bonus on the cultivation of pulses and oilseeds, payable over and above the agreed MSP, in order to incentivise the cultivation of these items.The decision to raise MSP was taken after Commission for Agricultural Costs and Prices (CACP), which considers the production cost, domestic and international prices, overall demand and supply, inter-crop price parity, effect of the price policy on economy, and terms of trade between agricultural and non-agricultural sectors, came out with the MSP recommendation for kharif crops 2016-17. Other factors, ...

Source: PIB, Government of India The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has given its approval for the Minimum Support Prices (MSPs) for Kharif Crops of 2015-16 Season. The decision is based on recommendations of Commission for Agricultural Costs and Prices (CACP) for the Price Policy for Kharif Crops for the Marketing Season 2015-16.  CACP takes into account the cost of production, overall demand-supply, domestic and international prices, inter-crop price parity, terms of trade between agricultural and non-agricultural sectors, the likely effect of the Price Policy on the rest of economy, besides ensuring rational utilization of production resources like land and water, while recommending MSPs.  The CACP being the expert body, its recommendations are generally ...