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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.

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