2019/2020 National Budget: $70.4m allocated for Fiji’s sugar industry

$70.4million has been allocated for the sugar industry in the 2019-2020 national budget. Picture: FT FILE

FIJI’S Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum announced a $70.4million allocation for the sugar industry in the 2019-2020 national budget, which includes a $30m sugar stabilisation fund.

While delivering the budget in Parliament tonight, he also said an additional $5.9m has been allocated for the purchase of cane trucks and a duty reduction on cane knives.

Mr Sayed-Khaiyum also said the Fijian Competition and Consumer Commission has been requested to regulate cane lorry cartage rates – similar to how it set the $17.50 per tonne rate for mechanical harvesters recently.

* Stay with us as we bring you brief updates from the 2019/2020 National Budget. More detailed reports will be published in tomorrow’s edition of The Fiji Times and also in our e-Edition 

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