Fiji Time: 2:43 AM on Monday 15 February

Fiji Times Logo

/ Front page / News

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.








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 0.65860.6396
JPY 53.786250.7862
GBP 0.32630.3183
EUR 0.41800.4060
NZD 0.71170.6787
AUD 0.66930.6443
USD 0.47540.4584

from

$0.00

Exchange Rate updated on 12th February 2016

Today's Most Read Stories

  1. Office of the President downplays rumours
  2. Family mourns loss
  3. Ryan awaits Viriviri's release from club
  4. Sewer spill
  5. Americans Helping America CEO arrested
  6. Remand assault probe
  7. Town flood woes
  8. Fiji agrees to Paris Agreement
  9. Music video for lovers
  10. Tropical cyclone alert for Southern Lau

Top Stories this Week

  1. Angry 7s fan smashes TV screen Tuesday (09 Feb)
  2. Dead on the beach Thursday (11 Feb)
  3. Need speed Monday (08 Feb)
  4. 3 MPs are out Wednesday (10 Feb)
  5. NZ 7s final refereeing charade an embarrassment Monday (08 Feb)
  6. Ryan: Sunshine ahead Tuesday (09 Feb)
  7. Investigation as nurse falls with baby Tuesday (09 Feb)
  8. Sydney 7s thriller Wednesday (10 Feb)
  9. The origin of Fiji's sevens series Monday (08 Feb)
  10. Sevens change Wednesday (10 Feb)