THE Fiji Sugar Corporation expects to rake in a further $30.5million from sales when the third shipment of the 2012 season departs our shores for London next week.
FSC executive chairman Abdul Khan confirmed that about 55,000 tonnes were stored in bulk at the Lautoka and Labasa mills.
"The third shipment of 30,500 tonnes from Lautoka is scheduled for Wednesday next week," he said.
"Once this has been completed, we will be left with just over 19,000 tonnes in Labasa and close to six tonnes at Lautoka which will all be shipped later this year."
The FSC's expected total proceeds from the 2012 season is estimated at $95.6 million.
This is derived from the 33,000 tonnes of sugar shipped in August and 32,000 tonnes exported in October last year combined with the 30,500 scheduled to leave our shores next week and the 25,000 tonnes that will be shipped later this year.
Meanwhile, Mr Khan revealed the FSC has agreed to an advance in the third cane payment which is scheduled for next Wednesday to give canegrowers a better deal.
"The third cane payment which should be paid out next Wednesday is $11.50 per tonne.
"To make the payment reasonably substantial and of benefit to canegrowers, we decided to provide an advance of $4.98 per tonne although we have not received proceeds as yet.
"The advance added to the $6.52 per tonne gives us the total third cane payment of $11.50 per tonne."