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Fiji Time: 1:57 PM on Saturday 19 April

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Rewa Dairy viable focus

Timoci Vula
Sunday, November 28, 2010

THE restructure of Rewa Dairy that involves the separation of the company's commercial operations from its co-operative functions will be completed within two weeks.

Acting Finance Minister Aiyaz Sayed-Khaiyum said under the restructure, a new processing company Fiji Dairy Company Limited (FDCL) had been established.

He said $2 million had been allocated to assist the farmers set up the cooperative.

"This restructure will allow the new Fiji Dairy Company Limited to solely focus on its core business of processing and distributing milk and dairy products to the people of Fiji," Mr Sayed-Khaiyum said.

"This is expected to strengthen the company's financial viability and removed reliance on Government subsidies.

"On the other hand, the formation of the new Fiji Dairy Cooperative Company Ltd will enable better coordination of support to the dairy sector," he said.

Overall, he said the restructure would also encourage stronger participation from farmers and the private sector.

Meanwhile, the 2011 Budget also addressed brucellosis that affected milk-producing cows in most farms around the country, particularly in the greater Tailevu area.

"As part of the rehabilitation of the dairy industry, a budget of $500,000 has been set aside for the importation of heifers to replace the milking stock that was infected by the brucellosis disease," Mr Sayed-Khaiyum said.