Fiji Meat Industry is not self-sufficient: Kolitagane
May 7, 2019 12:35 pm
David Kolitagane [middle] while making the Submission to the Standing Committee
The Fiji Meat Industry is not self-sufficient as they only managed to cover their cost margins.
They could not get the 10% return for the government on assets.
While making the Submission to the Standing Committee on Economic Affairs on the Fiji Meat Industry Board 2014 Annual Report the Permanent Secretary of Agriculture David Kolitagane says the company is facing challenges in terms of technology and operation.
Kolitagane says the company to some extent is making a loss.
“It was just making roughly $100,000 to $10,000 in profit. At times if we remove the abnormal revenues it is making a loss.”
Kolitagane says the increase in the cost of processing restricts the company from making a profit.
He says the new board is reviewing the legislation of the meat act as they are still using the 1970 legislation.