Fiji Time: 12:16 PM on Saturday 29 August

Fiji Times Logo

/ Front page / News

Search for markets

Felix Chaudhary
Tuesday, January 28, 2014

THE Fiji Sugar Corporation will continue to look for markets that offer the best price for the locally produced sweetener.

Executive chairman Abdul Khan said despite an agreement signed with United Kingdom company Tate and Lyle Sugars that all sugar produced in Fiji be sold exclusively to the English buyer, efforts were already being made to seek the best price from other traders.

"Although we have a contract to sell 100 per cent of our sugar to Tate and Lyle and have a quota of 220,000 tonnes to the UK buyer, we have sold our sugar to two other firms who offered us a better price," he explained.

"Last year, because Tate and Lyle couldn't give us the price we wanted, we were allowed to sell 30,000 tonnes to a Spanish company called Azucarera and another firm at a more favourable price."

Mr Khan said efforts were being made to secure more lucrative markets in the lead up to 2017 when the preferential quota system with the European Union comes to an end.





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 0.62450.6055
JPY 56.810253.8102
GBP 0.30290.2949
EUR 0.41450.4025
NZD 0.73480.7018
AUD 0.66190.6369
USD 0.47110.4541

from

$0.00

Exchange Rate updated on 27th August 2015

Today's Most Read Stories

  1. Case transfer angers families
  2. Military allowed to carry arms in public
  3. Draunidalo clears the air
  4. Sedition a 'real threat'
  5. Ruggers treated to lunch
  6. China police to take man home
  7. $507m worth
  8. Envoy: Russia, China are true friends
  9. Creek pollution
  10. $140m water loan

Top Stories this Week

  1. Fall crowned queen Sunday (23 Aug)
  2. Sayed-Khaiyum responds to Karavaki warning Thursday (27 Aug)
  3. Guns in town Thursday (27 Aug)
  4. Birth by the river Tuesday (25 Aug)
  5. Making the cut Monday (24 Aug)
  6. Military, police beef up manpower Tuesday (25 Aug)
  7. PM turns down Ratu Naiqama request Thursday (27 Aug)
  8. John quits 7s job Tuesday (25 Aug)
  9. Soldiers patrol town prior to sedition case Wednesday (26 Aug)
  10. Draunidalo hits back Friday (28 Aug)