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Fiji Time: 12:40 PM on Sunday 20 April

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Lucrative sugar payout

Felix Chaudhary
Friday, January 04, 2013

SUGARCANE growers in the country should look forward to a lucrative payout after the completion of crushing for the 2012 season.

According to the acting chief executive officer at the Sugar Cane Growers Council Sundresh Chetty, the actual payment for the 2012 season would be significantly more than the $53.55 per tonne forecast announced in May last year.

"We are looking forward in anticipation to a very good cane payment for last year's crop. It is going to be very lucrative in comparison to previous years and it is this optimism combined with improvements in milling efficiency that is signalling a positive change for the industry going forward," he said.

The forecast price announced early last year drew mixed reactions from industry stakeholders at the time.

The Fiji Cane Growers Association said the $53.55 forecast was 'not bad' provided industry costs were controlled so that growers received a respectable return.

The National Farmers Union, on the other hand, said nothing short of $75 to $80 per tonne was profitable for cane growers in the country.

Fiji Sugar Corporation executive chairman Abdul Khan, however, said he was optimistic the actual price could be more than $70 per tonne with the improved milling efficiency, reduction in planting costs and improving yield per hectare.