Copra industry reduces financial loss

Copra Millers Fiji Ltd board chairman Raj Sharma, left, with board directors and workers at the mill in Savusavu. Picture: SERAFINA SILAITOGA

COST-cutting measures, government subsidies and increasing sales reduced financial loss in the copra industry which incurred a $458,000 loss in 2016 after Severe Tropical Cyclone Winston. Board chairman of Copra Millers Fiji Ltd Raj Sharma said Severe TC Winston had a drastic impact on stakeholders, especially the farmers. “In 2016, we made a loss of […]

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