Suva, Fiji
Temp: 77 °F / 25.0 °C
Wind: 19.3 KMH
LOCAL NEWS
May 01 2008 11:24 AM

Fiji will be again importing sugar from India this year for regional and local market consumption.

The Fiji Sugar Corporation (FSC) said 45,000 tonnes of bagged sugar would be imported from India.

This is to ensure that Fiji’s sugar reaches the European Union market, which pays premium price, it said.

The FSC said the imported sugar would be diverted to meet local and regional needs.

This practice began last year when Fiji imported 30,000 tonnes in the 2007 season.

Last year, Fiji could not fulfill its quota to the EU due to lower production, following a drought.

The FSC also highlighted that the EU has agreed to provide Fiji with an additional sugar quota. This, despite a price reduction in preferential prices by 9.2 per cent in 2008, bringing total reduction by 14.3 per cent from 2006.

FSC’s acting chief executive officer, Deo Saran said that instead of the usual quota of about 172,500 as per the Cotonou Agreement, EU has given Fiji an additional quota of 56,500 for this year.

As a beneficiary of the Economic Partnership Agreement, Fiji has received 31,500 tonnes as additional tonnage and 25,000 tonnes as complimentary quota for the 2008 season.

This brings the total tonnes for the EU market to 229,000 this season compared to 188,000 for the 2007 season.

* Get local and international footbal news, gossip & live updates/results on your phone. Txt VSOC to 333 now.

* Get local and international rugby news & live updates/results on your phone. Txt VRUG to 333 now.

Post a Comment
Bookmark and Share
Posted Comments
SPORTS
McIlroy crashes out of PGA Championship Rory McIlroy crashed out of the PGA Championship at Wentworth on Friday and could lose his status as world number one by the end of the tournament.
BUSINESS
Korean energy firms look at investmentTwo South Korean renewable energy companies are looking at investing in Fiji’s energy sector.
WORLD
Australia urges restraint as PNG judge arrestedAustralian Foreign Minister Bob Carr Thursday urged restraint in Papua New Guinea after police attempted to arrest the country's chief justice and charge him with sedition.
ENTERTAINMENT
Kidman vamps it up in Cannes film noirNicole Kidman sizzles as a small-town vamp drawn to a convicted murderer in Lee Daniels' "The Paperboy", marking the US director's return to Cannes Thursday after his harrowing hit "Precious".
OFFBEAT
S.African minister buys art with invoice for 256 burgersA South African politician bought a painting with government money by masking it as a McDonald's purchase equivalent to 256 burger meals, the company said Monday.
FIJIAN
Veidigidigi ena na 2014 e dei tikogaE vakaraitaka na Paraiminisita ni noda vanua o Commodore Voreqe Bainimarama ni na dei tikoga na navunavuci ni matanitu oqo ena na kena vakayacori na veidigidigi ena yabaki 2014.