Which of the following statement(s) is/are correct about the ‘Fair and Remunerative Price’ for sugar?
1. It is the minimum price paid by the government to sugarcane farmers to ensure minimum income support to farmers against price instability.
2. It enjoys the statutory backing through the Sugarcane (Control) Act, 1966.
3. The price is recommended by the Commission for Agricultural Costs and Prices.
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