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Buyers for Fiji sugar

Felix Chaudhary
Saturday, July 05, 2014

DISCUSSIONS are continuing between the Fiji Sugar Corporation and sugar buyers in the Middle East and Malaysia.

FSC executive chairman Abdul Khan said shipping costs to the Middle East were competitive with the European Union and both markets could prove to be lucrative for Fiji.

"We are in discussions with them at the moment," Mr Khan said.

"In terms of volume, the Middle East alone could take all our sugar and more.

"Volume would not be an issue, we would just have to negotiate price and quality.

"In terms of shipping costs, it would cost less than what we currently ship our sugar to London for," he said.

Mr Khan said shipping costs could be reduced further if Fiji was able to move larger volumes of raw sugar at a time.

"At present, our dock facilities only allow for us to ship between 30,000 to 35,000 tonnes.

"For the Middle East market, we could reduce costs by shipping in excess of 50,000 tonnes at a time."

Meanwhile, Attorney-General and Minister for Trade Aiyaz Sayed-Khaiyum said developments on the Economic Partnership Agreement with the EU which could affect raw sugar sales to Europe would be revealed next week.

Negotiations between the EU and Pacific African Caribbean Pacific sugar-producing countries on EPAs began in 2004.

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