$72 million for the sugar industry – FBC News

In an effort to support the livelihoods of Fijians in the sugar industry, the government has provided a guaranteed minimum cane price of $85 per tonne over three years.

Economy Minister Aiyaz Sayed-Khaiyum said that in addition to support to improve agricultural productivity – the fertilizer subsidy, aid for the development of sugar cane farms, trucking subsidy, cane access road upgrades, weedkiller subsidy and other aids.

Last night, the Minister announced that he would extend this guaranteed minimum price of $85 per tonne for the 2021 season, making it the fourth year of guaranteed cane price support. We understand the plight of our farmers and the government supports them.

The article continues after the ad

The Ministry of Sugar Industry received funding of $72 million in the 2021-2022 budget.

This includes a funding allocation of approximately $47 million for sugar cane price support.

This also includes approximately $22.9 million for the top-up payment required for the 2020 season and $24.1 million to pay the guaranteed minimum price of $85 per ton for the 2021 season.

The remaining funding requirement of $8 million, dependent on the cane harvest for the 2021 season, will be provided in the 2022-2023 budget to meet the final payment for the 2021 season.

Apart from this, the government will continue to provide the fertilizer subsidy to farmers at a rate of $25.59 per bag with a total funding allocation of $15.6 million.

This means that farmers will only continue to pay a price of $20 per bag of fertilizer.

The Minister adds that apart from this, $3.8 million is earmarked for the subsidy of cane trucking from Penang to the Rarawai factory.

An additional $3.3 million is planned for sugarcane access roads, aid to farmers for sugarcane development, subsidy for weedkillers and aid for new farmers .

inhabit
To agree

  • 95.4 FM
  • Suva, Nadi, Lautoka, Labasa
  • 95.2FM
  • Sigatoka, Ba
  • 95.6 FM
  • Tavua
  • 95.8 FM
  • Rakiraki

inhabit
To agree
  • 102.6 FM
  • Suva, Nadi, Lautoka, Labasa
  • 102.4 FM
  • Sigatoka, Ba
  • 102.8 FM
  • Tavua
  • 103.0 FM
  • Rakiraki

inhabit
To agree
  • 97.8FM
  • Suva, Nadi, Lautoka, Labasa
  • 97.6 FM
  • Sigatoka, Ba
  • 98.0 FM
  • Tavua
  • 98.2 FM
  • Rakiraki

inhabit
To agree
  • 93.0 FM
  • Suva, Nadi, Lautoka, Labasa
  • 92.8 FM
  • Sigatoka, Ba
  • 93.2 FM
  • Tavua
  • 93.4 FM
  • Rakiraki

inhabit
To agree
  • 100.2 FM
  • Suva, Nadi, Lautoka, Labasa
  • 100.0 FM
  • Sigatoka, Ba
  • 100.4FM
  • Tavua
  • 100.6 FM
  • Rakiraki

inhabit
To agree
  • 105.0 FM
  • Suva, Nadi, Lautoka, Labasa
  • 104.8 FM
  • Sigatoka, Ba
  • 105.2 FM
  • Tavua
  • 105.4 FM
  • Rakiraki

Rachel J. Bradford