Fiji Time: 1:33 AM on Thursday 30 July

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 0.61450.5955
JPY 59.248756.2487
GBP 0.30390.2959
EUR 0.42940.4174
NZD 0.71770.6847
AUD 0.65130.6263
USD 0.47710.4601

from

$0.00

Exchange Rate updated on 29th July 2015

Today's Most Read Stories

  1. Final goodbye
  2. Suspended teacher to explain
  3. $114m highway opens
  4. Prison overcrowding
  5. $20m early repayment
  6. Unequal income a challenge
  7. PM tells villagers to take advantage
  8. Family support drives Isaac to pursue career in music
  9. Child labour worry
  10. Team works on road improvement

Top Stories this Week

  1. Nightmare Thursday (23 Jul)
  2. Deaths haunt 15-year-old Monday (27 Jul)
  3. Nakasi rape suspect in court Sunday (26 Jul)
  4. Dad dies, kids worry Tuesday (28 Jul)
  5. Three dead Sunday (26 Jul)
  6. Distraught mum recalls promise Tuesday (28 Jul)
  7. Where's the money Friday (24 Jul)
  8. Truck sinks into town road Monday (27 Jul)
  9. Flying Fijians spoil Samoan celebrations Monday (27 Jul)
  10. Court date for minister Thursday (23 Jul)