FSC pays third cane payment for 2022 harvest season

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Cane farmers in Labasa. Picture: FILE

The Fiji Sugar Corporation has paid a third cane payment to sugarcane farmers for the 2022 harvest season.

FSC chief executive officer Bhan Pratap Singh said this year’s cane payment is $24.62 a tonne, adding this was one of the highest payments done in the last two decades.

A statement from the FSC this morning stated the Sugar Industry Tribunal had certified the net share of the sugarcane growers’ cane proceeds received as of February 28, 2022 of $185,454,314; equivalent to $78.15 a tonne of cane, in accordance with the Sugar Industry Master Award.

FSC has paid farmers a total of $53.53 a  tonne of cane to date, which includes a $40.15 a tonne delivery payment and $13.38 a tonne second cane payment.

The third cane payment of $24.62 a tonne of cane was paid on Wednesday, March 29 (2023), and brought the total amount paid to farmers for the 2022 cane payment to $78.15 a tonne of cane.

A sum of approximately $40million has been paid to the growers as a third cane payment, according to the FSC.

“This better third cane payment is a result of the hard work and dedication of our sugarcane farmers, the factory workers and all other stakeholders. The demand for sugar in the world markets has continued to be better in the last season, and FSC was able to secure better prices for the sugar that was sold for the last season’s crop,” said Mr Singh.

“FSC is committed to supporting our farmers and ensuring the sustainability of the sugarcane industry in Fiji. We will continue to work closely with our stakeholders to address our farmers’ challenges and provide them with the support they need to succeed.”

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