Fiji will export sugar to the United Arab Emirates if negotiations with stakeholders are successful.
Fiji Sugar Corporation Executive Chairman Abdul Khan said the decision to pursue new sugar markets like the Middle East, Bangladesh and China is because of stability in market trends.
Khan said the issue they are faced with at the moment is the premium they are getting from the European Union, as the market prices are reasonable.
He said there are two things that they got to look at because the industry is capital intensive a lot of costs are fixed costs.
At the last International Sugar Organization meet held in Nadi the Prime Minister said they needed more engagement, more co-operation and more understanding of each other’s positions.
Prime Minister Voreqe Bainimarama is confident the ISO will deliver better outcomes for the sugar industry as a whole.
Meanwhile, the group has now 87 member countries, including, most recently, Sri Lanka, which joined a couple of months ago.
Story By: Sheetal Kumar
