Banner year for Fiji sugar industry

A banner year for Fiji’s sugar cane industry.

Prime Minister Commodore Voreqe Bainimarama revealed this from France.

According to the Fiji Sugar Corporation, after a fourth payment to sugarcane farmers of $20.40 per tonne of raw sugar, the total paid out so far for the 2012 season will be a record breaking $78.74 per tonne.

Bainimarama said that there was one final cleanup payment yet to be made that would bring the year’s total to at least $80.74 per tonne.

He also announced that the forecast price for raw sugar in 2013 was $62.58 per tonne, but that FSC officials were confident the likely payment would be more than $73 per tonne.

Story by: Ronal Deo
Source: Press Release