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FSC signs deal

Felix Chaudhary
Friday, August 01, 2014

THE country's lone sugar miller has signed off on a deal with Tate & Lyle Sugars to sell a majority of locally-produced sweetener to the UK buyer.

Fiji Sugar Corporation executive chairman Abdul Khan said the deal struck with the UK buyer also allowed the FSC to look for and trade with alternative companies.

"We have signed off with Tate & Lyle but we are also in the process of developing other markets as well," Mr Khan said.

"Should other markets step up and offer a competitive price, then we do have an opportunity to sell to them."

The FSC is projecting a total crush of about two million tonnes of cane and the production of 210,000 to 215,000 tonnes of sugar this season.

The first sugar shipment of 30,000 tonnes to the UK is scheduled for this month.

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