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5000 contracts issued

Luke Rawalai
Wednesday, April 02, 2014

THE Sugar Tribunal has issued 5000 cane contracts to farmers around the country.

Out of these, 4474 have been processed by the iTaukei Land Trust Board for lease approvals.

Sugar Tribunal Commissioner Timothy Brown said they would need to cross reference with the TLTB to ensure the remaining contracts were processed.

Mr Brown said out of the 4474 contractors, 27 were new to the industry.

He added banks were providing financing opportunities to farmers as long as they had a successful sugarcane farming background.

"It will depend on the past production rate and the tribunal's cane planting program.

"The industry has put aside $8.4million as part of its strategies in assisting people with nil production rates."

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