Options open for new sugar buyers
July 8, 2012 7:23 pm
The Fiji Sugar Corporation is looking at options once its contract with UK based company Tate and Lyle comes to an end by 2014.
FSC Executive Chair Abdul Khan says this does not mean Fiji will not engage with Tate and Lyle but there is a strong possibility other buyers will be considered.
“I am very confident we will be able to sell our sugar, I am not saying that it won’t go to Tate and Lyle, what I am saying is that when time will for further negotiation we will negotiate with each and every buyer including Tate and Lyle and whoever gives the best price we will deal with them.”
Close to 145,000 tonnes of sugar were exported under the agreement with Tate and Lyle earning two hundred million dollars in export revenue.
The company has also provided technical assistance to FSC.
Meanwhile 70,000 tonnes of cane have been crushed by the three sugar mills so far producing close to six thousand tonnes of sugar.
Rarawai mill in Ba will start crushing from tomorrow.