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Newly appointed chairman of the South Pacific Fertiliser Ltd (SPF) Sada Sivan said they will wait for the government to indicate its position regarding the financially troubled company, following submissions made by SPF shareholders last week.
“I have just been appointed so it’s too early for me to say anything at this stage about what I will do.
“But some proposals were given to government last week and we are all waiting for government to indicate its position on that,” Sivan told FijiLive.
He was appointed yesterday after the position was left vacant when incumbent Surendra Sharma resigned last week.
Sivan said he was aware of the challenges on the table for SPF but “this is not a one-man show. We have a board and decisions are made collectively by consensus of the board members.”
SPF, sole supplier of locally blended cane fertilizer to Fiji’s sugarcane farmers, is owned by the Fiji Sugar Corporation (FSC), Sugar Cane Growers Council (SCGC) and the Sugar Cane Growers Fund.
The three parties recently took conflicting views over a proposed 250 per cent increase in the retail price of fertilizer.
It led to the resignation Sharma, who is also the chief executive officer of SCGC.
The SCGC and SCGF are opposing FSC’s stand to have farmers fully bear the price increase.
