Sugar Stocks Gain After Cabinet’s Decision Of FRP Hike

The Cabinet Committee on Economic Affairs (CCEA) has increased the Fair and Remunerative prices (FRP) from Rs 230 per quintal to Rs 255 per quintal for the new sugar season (October to September). The states which follow FRP prices will be impacted by the Cabinet’s decision.

FRP is the existing arrangement for the minimum price to be paid by the sugar mills to the sugarcane farmers. This price is announced by the central government every year.

As per sugar industry analysts, when sugar prices will decline in future then there might be adverse impacts on revenue and profit margins of the sugar companies.

Following are some of the prominent names in the sugar industry. These sugar stocks have been trading in positive territory after the Cabinet’s decision.

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