My Govt is the only one to introduce guaranteed cane price - PM

My Govt is the only one to introduce guaranteed cane price - PM

By Dhanjay Deo
Wednesday 11/05/2022
[Image: Parliament of Fiji]

“My Government is the only one in the history to introduce the guaranteed cane price of $85 per tonne irrespective of the world sugar market price.”

This was stated by the Prime Minister and Minister for Sugar, Voreqe Bainimarama while responding SODELPA MP Inosi Kuridrani who had asked for an update on the Ministry’s plans to revitalise the Sugar Industry.

Bainimarama says the guaranteed price has not only given security and certainty to farmers but has also supported their bottom line.

He says his Government is also working with their counterparts to ensure the export of sugar to foreign destinations attracts low or zero rated duties to give Fiji a competitive advantage over other sugar exporting countries.

The Minister for Sugar adds the recent price review of sugar in the domestic market will further consolidate the pricing for farmers and ensure the FSC applies the right price for its products and generate revenue to perform targeted investments to increase crop yield, improve mill efficiency and product diversification.

Bainimarama says the sugar industry is like any other business and to sustain it they need to achieve a break-even volume of crop, the required volume of sugar and set the right price levels to be viable in the business.

fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Shaky start for Fiji Men’s 7s at the Dubai 7s escaping with a 21-14 win over the USA
The Fiji Airways Men’s National 7s side had a shaky start to their Dubai 7s campaign after securing a close win over the USA in their first pool mat...
2 hours ago
Dubai 7s: Fijiana secures 38-17 win over Great Britain in first pool match
The Fiji Airways Fijiana 7s side opened their Dubai 7s campaign with a remarkable 31-12 win over Great Britain this afternoon. Fiji scored two ...
2 hours ago

All Fijians can make a difference – Kiran
All Fijians can make a difference, no matter how small it may seem as every action counts and shows the power of volunteering which is the power of ...
3 hours ago

BSP Life Group hands over $35,000 to WOWS Kids Fiji after completing 200 million steps
In support of the vital work of Walk On Walk Strong (WOWS) Kids Fiji Foundation, the BSP Life Group and its partners completed 200 million steps over ...
3 hours ago

Fiji focusing on starting SVNS series on a high note
As the countdown begins for the HSBC SVNS Series, the Fiji Airways National 7s team is focused on starting the series on a high note as they face USA ...
5 hours ago

LTA vehicle examiner charged for passing vehicle without complying with proper procedures
A vehicle examiner at the Land Transport Authority has been charged by FICAC for corruption related offences for allegedly passing a vehicle without ...
9 hours ago
PM’s motion passed to reduce overseas travel allowances for the PM, Ministers, Assistant Ministers, Leader of Opposition and MPs
Parliament has passed the Prime Minister’s motion to reduce the rates payable for overseas travelling allowances for the Prime Minister, Cabinet ...
10 days ago

CEO of the Fijian Competition and Consumer Commission, Joel Abraham appears on fijivillage Straight Talk With Vijay Narayan
CEO of the Fijian Competition and Consumer Commission, Joel Abraham appears on fijivillage Straight Talk With Vijay ...
16 days ago

HIV infections in Fiji increased 260% since 2010, making Fiji the second fastest-growing epidemic in the Asia Pacific region
Speaker of Parliament and UNAIDS Goodwill Ambassador for the Pacific Region, Ratu Epeli Nailatikau says according to the Global AIDS Monitoring Report, Fiji is in the top 5 countries of rising new HIV infections in the Asia Pacific region amongst the 15 t
21 days ago