31 January, 2023, 3:50 pm Central - 29°C Rain

Situation in the international market can have a further negative impact on prices of flour and fuel

Situation in the international market can have a further negative impact on prices of flour and fuel

By Shanil Singh
Friday 17/06/2022
FCCC CEO Joel Abraham

Be prepared as the current situation in the international market could have a further negative impact on the prices of flour and fuel in Fiji.

FCCC CEO Joel Abraham says Ukraine and Russia are still having their own crisis and most recently India has said they are banning the exporting of wheat.

Abraham says all these domestic based policies of commodities we purchase that feed into the global supply chain will have a negative impact on prices.

He says they are in constant discussions with local manufacturers to ensure that they have taken supply contracts with their suppliers.

However he adds they have put in place smart policy measures.

Abraham says you may have noticed that the price of fuel in Fiji is cheaper than New Zealand which is a much larger market.

He says this is because they have put in place smart regulatory policies to ensure that we are able to mitigate the impacts escalating global prices.

Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Womens Rugby World Cup 2022
Quarter-final qualification is now the goal for the Rooster Chicken Fijiana 15โ€™s following their 21-17 victory against South Africa.
103 days ago

Queen Elizabeth II passes away
Queen Elizabeth II, the UK's longest-serving monarch, has died aged 96, after reigning for 70 years.
133 days ago

Fiji wins Melrose Cup after 17 years
Fiji wins the RWC 7s title after 17 year drought
135 days ago
Riyaz Sayed-Khaiyum received $304,453.08 during COVID year โ€“ Amrit
Fijian Broadcasting Corporation Board Chairman, Ajay Bhai Amrit has today revealed that sacked CEO of FBC Riyaz Sayed-Khaiyum received $304,453.08 dur...
4 hours ago
Police seek help in identifying man whose body was found near the Vatuwaqa Bridge
Police are seeking assistance in identifying a man whose body was found near the Vatuwaqa Bridge this morning. Police are still at the ...
2 hours ago

Two men in custody for alleged burglary case in Lautoka
Quick response by the K9 Unit in Vitogo resulted in the arrest of two men involved in an alleged burglary case in Matawalu, Lautoka. The report ...
3 hours ago

Aiyaz Sayed-Khaiyum should consider himself as part of a bad history for the Fijian economy โ€“ Prof.Prasad
Deputy Prime Minister and Minister for Finance, Professor Biman Prasad says he is getting on with the job of fixing the economic mess that former ...
3 hours ago

Arts Village swimming hotspot re-opened
One of the swimming hotspots, the Tiki Pool and Bar at the Arts Village in Pacific Harbour is now re-opened for families and friends after a lapse of ...
4 hours ago

Health Ministry welcomes any help with open arms - Dr Lalabalavu
It has been a while since any Board of Visitors has had an audience with the Health Minister, especially in the headquarters and entertain the board ...
4 hours ago