Consider the following statements regarding Fair and Remunerative Price of Sugarcane:
1Fair and Remunerative Price (FRP) is the minimum price declared by the central government that sugar mills are legally bound to pay to farmers for the sugarcane procured from them.
2.FRP is fixed under the Sugarcane (Control) Order, 1966.
3. FRP is determined on the recommendations of Commission for Agricultural Costs and Prices (CACP).
Which of the above statements is/are correct?