The Fiji Sugar Corporation has reduced the forecast cane price for the 2019 season.

The forecast cane price for the 2019 season will be $53.69 compared to $66.08 from the last season.

However, the FSC through the government’s Guaranteed Cane Price scheme will pay the shortfall.

Under the GCP government issued assurance of $85 per tonne payment.

The FSC will be paying a remainder of $53.69 to farmers to make the $85 per tonne payment as promised by the government.

The corporation says farmers can look forward to the certainty of a guaranteed cane price of $85 per tonne.

The fourth cane payment for the 2018 season, will be announced by FSC shortly.

According to FSC this payment will include the next tranche of the $85 per tonne guaranteed cane price for the 2018 season, and will greatly assist farmers in their preparations for the 2019 harvest.