News

2017 cane season payment to be topped-up by $3.68

October 31, 2018 4:50 am

Good news for farmers as the Government has advised the Fiji Sugar Corporation to top-up the 2017 cane season payment by $3.68.

The final payment for 2017 will be $3.90 per tonne, which includes a “wash-up” payment of 22cents per tonne.

FSC CEO Graham Clarke says this final payment of $3.90 per tonne will be free of FSC deductions.

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He says this will be paid to cane farmers on Friday.

”The payment is to bring the total cane payment for the 2017 year to $85 per tonne and that basically is the reason for the top-up. The top-up is paid in addition to the normal wash-up payment to the FSC so the two together will make a payment of $3.90 per tonne of cane to farmers who delivered cane in 2017.”

To date, the price paid to the farmers for the 2017 cane season is $81.10 per tonne.

With this top-up to the final cane payment, the total payment for the 2017 cane season will increase to $85 per tonne.

The top-up payment is the government’s additional commitment to pay a guaranteed price of $85 per tonne for a period of three years as announced in the 2018/2019 National Budget.

“The government’s continuous support to the sugar cane industry through development strategies such as; cane planting grants, subsidies on fertilizers and weedicides, farm mechanization grants, drainage and cane-access roads has not only reduced the cost of production to the growers but has positively improved the industry.”

The Sugar Industry Tribunal (SIT) has certified the final “wash-up” cane payment of 22cents per tonne of cane from the 2017 season’s sales proceeds.
This brings the growers share of sales proceeds for the 2017 cane season to a total of $125,126,202, as per the Master Award.