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Raw sugar interests China

Felix Chaudhary
Tuesday, January 07, 2014

SUGAR industry stakeholders who met a Chinese delegation in Lautoka yesterday said discussions were focused on sugar pricing, assistance with agriculture and a possible joint venture in setting up a refinery in the Western Division.

Fiji Sugar Corporation executive chairman Abdul Khan said based on the fact that China pays up to $US830 ($F1569) per tonne for refined sugar, raw sugar sales to China from Fiji could be a viable option.

"In saying that, there are a number of factors that directly affect sugar price that need to be taken into consideration," he said.

"This includes duty and freight charges.

"In this regard, we have made it known that we are very keen to do business but there needs to be a bit more work done and they have agreed to come back to us with a proposal that is a win-win for all parties concerned."

Mr Khan said the delegation from China also displayed a keen interest in establishing a sugar refinery under a joint venture agreement with the local industry.

"There is definitely value in us refining our sugar but we need to establish markets first because handling refined sugar is much of a challenge than raw sugar."








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