Fiji Time: 12:00 AM on Tuesday 26 July

Fiji Times Logo

/ Front page / News

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."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.63710.6181
JPY 52.170949.1709
GBP 0.36800.3600
EUR 0.44190.4299
NZD 0.70020.6672
AUD 0.65350.6285
USD 0.48720.4702

from

$0.00

Exchange Rate updated on 25th July 2016

Today's Most Read Stories

  1. Black money
  2. Alleged rape victim out of hospital
  3. Reaction from 7s players
  4. Family legacy lives on
  5. Ministry to review system
  6. Police officer dies in road accident
  7. Family mourns teen's death after alleged drowning
  8. Durutalo makes it big
  9. Plans in place
  10. Health Ministry recruits retired medical workers

Top Stories this Week

  1. Ship runs aground Tuesday (19 Jul)
  2. Sami's best try Saturday (23 Jul)
  3. Mum on rape charge Tuesday (19 Jul)
  4. Nakarawa steps up to meet Ryan's demands Wednesday (20 Jul)
  5. Nadro loses points Wednesday (20 Jul)
  6. Radio announcer in court Saturday (23 Jul)
  7. 7s special Thursday (21 Jul)
  8. Allegiance switch Sunday (24 Jul)
  9. Murder investigation Tuesday (19 Jul)
  10. Bring it on Rio Wednesday (20 Jul)