Fiji Time: 8:46 PM on Sunday 29 November

Fiji Times Logo

/ Front page / News

Fiji sugar interests investors

Avinesh Gopal
Monday, January 06, 2014

CHINESE investors have shown interest in purchasing 100,000 tonnes of sugar annually.

Officials from the Sugar Ministry met with a second team from China's Reserve Bank in Lautoka on Thursday and held talks on refining locally produced sugar.

Sugar Ministry's permanent secretary Lieutenant Colonel Manasa Vaniqi said the 11-member team, which included investors, had shown keen interest in purchasing locally produced sugar to the tune of 100,000 tonnes.

"They want to enter into a long term agreement with the Fiji Sugar Corporation where they are offering a price which is higher than the current price of our sugar," he said in an Information Ministry statement.

"With the Tate and Lyle contract almost coming to an end and the non-ratification of the Economic Partnership Agreement, this is one of the options we are looking at.

"This delegation, like the first team, is also looking at joint venture collaboration on a refinery project. We are seeing a lot of interest in refining our sugar."

Lt-Col Vaniqi said the outlook for the industry this year was very bright with the government's commitment through an allocation of $8.4million in the 2014 budget to attend to raising production and replanting.

"We want farmers to take advantage of the opportunities and initiatives provided by government to help the industry to grow further," he said.

The delegation is also expected to meet with officials from the Ministry of Primary Industries, Investment Fiji and other stakeholders.

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.62590.6069
JPY 58.270455.2704
GBP 0.31140.3034
EUR 0.44340.4314
NZD 0.72230.6893
AUD 0.65460.6296
USD 0.47290.4559



Exchange Rate updated on 27th November 2015

Today's Most Read Stories

  1. Work in PNG
  2. Delay in exam results
  3. PSC rent anomaly
  4. Walk against climate change
  5. Exams review plan
  6. Three drown in separate incidents
  7. $200k school hall
  8. Directive for primary schools book list
  9. Minister: Open day opportunities to connect with the past
  10. Budget measure

Top Stories this Week

  1. Left for dead Wednesday (25 Nov)
  2. MV Suilven sinks Wednesday (25 Nov)
  3. 8 years for raping man Tuesday (24 Nov)
  4. MV Suilven sinks in Suva Harbour Tuesday (24 Nov)
  5. Torture suspects known to police Thursday (26 Nov)
  6. Friend indeed Monday (23 Nov)
  7. Sevens hurdle Tuesday (24 Nov)
  8. Sex assault claim Thursday (26 Nov)
  9. Prof Prasad leaves school premises as 'mark of respect' Monday (23 Nov)
  10. Father of two sent to prison Wednesday (25 Nov)