The Union Government recently made certain announcements to provide relief to the sugar industry which is passing through a difficult phase. Which of the following is TRUE in this regard ?
A: The statutory minimum price of sugarcane is fixed on a higher level of base recovery
B: The statutory minimum price will be determined on the basis of ‘average’ sugar recovery and not on the basis of ‘peak’ recovery
C: The rate of interest on loans from the Sugar Development Fund is reduced to a substantial level.