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Funding for growers

Felix Chaudhary
Thursday, February 27, 2014

FARMERS interested in taking up sugarcane farming have access to two sources of funding, says Fiji Sugar Corporation executive chairman Abdul Khan.

Some, he said, could access funds from the government's $8.4 million grant for new cane production while others could apply for a soft loan from the Fiji Development Bank.

"We have noted an increase in the number of people that are showing interest in planting sugarcane and this is very welcome news," he said.

"For startup farmers, they have access to the government $8.4M grant and they can also apply for a soft loan from the FDB.

"The FSC will provide all technical advisory assistance to new growers to facilitate their entry into cane farming."

Sugar industry stakeholders including the Sugar Ministry, FSC, Sugar Cane Growers Council, Sugar Cane Growers Fund, Sugar Research Institute of Fiji, South Pacific Fertilisers and Sugar Industry Tribunal have composed a strategic action plan designed to increase cane production.

Under the plan, it is hoped that sugar production will increase from just under two million tonnes produced at present to about four million tonnes by 2017.





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