The Fair and Remunerative Price (FRP) of sugarcane is approved by the
Explanation
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, is the final authority that approves the Fair and Remunerative Price (FRP) for sugarcane. While the Commission for Agricultural Costs and Prices (CACP) is a tempting choice, it only *recommends* the price based on various factors, whereas the power to *approve* and announce it lies with the CCEA. This question tests the functional distinction between recommending bodies and decision-making bodies within India's agricultural pricing framework.