Question

What are remunerative and procurement prices???

Answer 1

Procurement prices were the prices of kharif and rabi cereals at which the grain was to be domestically procured by public agencies (like the FCI) for release through PDS. It was announced soon after harvest began. Normally procurement price was lower than the open market price and higher than the MSP. This policy of two official prices being announced continued with some variation upto 1973-74, in the case of paddy. In the case of wheat it was discontinued in 1969 and then revived in 1974-75 for one year only. 


Remunerative price

Fair and Remunerative Price (FRP) : is the existing arrangement for the price to be paid to sugarcane farmers by the Sugar Mills and is is announced each year by the Centre, under the Sugarcane Control Order and on the advice of Commission for Agricultural Costs and Prices (CACP), as the minimum price of sugarcane.

Answer 2

Remunerative price and procurement prices.

Explanation:

• Remunerative price is a minimum price that is determined by CCEA (cabinet committee on economic affairs) for the sugarcane and sugar mills to purchase sugar from farmers at this price.
• Remunerative price is otherwise known as a fair and remunerative price.
• While the procurement price is the price at which the government used to procure from the farmers in order to maintain the public distribution system.

Learn More:

Why does the government announce minimum support price, remunerative and procurement prices for important crops ?

brainly.in/question/2747661