Fijian sugar sweetened with budget allocation
June 18, 2019 4:57 pm
The Sugar Sector continues to be a priority for the government with an increased allocation in the new financial year.
Prime Minister and Minister responsible for the sector, Voreqe Bainimarama says sugarcane farmers will continue to benefit from the guaranteed cane prices of $85 a tonne over the next two years.
The Fijian cane price is $30 more than the current global price for Sugar.
In addition, Bainimarama says there is a comprehensive subsidy package to further support the sector from weedicide to fertilizers as well as a mechanization program.
“The 2019-2020 budget increases the allocation of the Sugar Industry to $70.4 million, up $8 million from last year. That allocation, Honorable Speaker will continue to fund the sweeping range of support my government has introduced to assist our farmers as part of a strategic game plan for achieving long term viability for this industry.”
In addition, Bainimarama says improving the railway system for sugar cane cartage has also being prioritized with the Indian Government working on a research paper on the issue.