Fiji Sugar Corporation Limited wishes to clarify recent misleading media reports from the political parties and grower unions that following the reduction in the EU sugar price effective from October 1 2009,Fiji Sugar Industry, in particular farmers, stand to lose out in revenues as a result of the milling performance of FSC and consequently that it will not meet its shipping schedules and quota commitments to the EU.
The Chief Executive Officer, Mr Deo Saran said that he would like to reassure the growers and the sugar industry stakeholders that FSC’s original plan to maximise revenues to the Industry during this final year of the Sugar Protocol remains intact. There will be no loss in revenue to the Industry,including the growers.
This is despite commissioning issues faced by the mills following massive upgrade works and devastations caused by the floods earlier in the year.
Mr Saran added that it was largely through FSC’s initiative and intensive negotiations with the sugar buyers, Tate & Lyle of London that Fiji was able to maximise revenue for the benefit of the Fiji Sugar Industry.
He said that it is unfortunate that political parties and grower organisations are working against the interest of growers by misleading them and urged that the industry stakeholders work together to build confidence and support for the Sugar Industry.