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REPORT

USDA Sugar Reports

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

By USDA

13th July 2023

All of USDA’s sugar reports in one place: a mix of monthly Sugar and Sweeteners Outlooks, import/export data and international GAIN reports. Using data collected by US Foreign Service officers working in more than 130 countries the USDA’S Global Agriculture Information Network (GAIN) reports provide timely information on the agricultural economy, products and issues in foreign countries that are likely to have an impact on United States agricultural production and trade.

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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