Fiji: $70.1 million boost to the sugar industry through budget
Fiji’s Sugar Minister Charan Jeath Singh reiterated the government’s commitment to addressing historical wrongs in the sugar industry. The sector will receive a $70.1 million allocation, funding 13 initiatives. Cane farmers will benefit from favorable prices, with $91.38 per ton paid for the 2022 season and $101.08 per ton for 2023. A $4 million sugar price stabilization budget and $4 million for the Cane Access Roads Program have been allocated. Additionally, $1 million will fund cane cage bins to facilitate transport via the rail network.
Fiji’s Sugar Minister Charan Jeath Singh reaffirmed the government’s dedication to addressing historical wrongs in the sugar industry, reported The Fiji Times.
In his budget response in Parliament this week, Singh highlighted that the sugar industry is set to benefit significantly from the budget, with a $70.1 million allocation.
The ministry requested funding to continue 13 initiatives introduced in the 2023/2024 fiscal year.
“The primary concern for any cane farmer has always been the amount they receive for their cane payments,” Singh said. He noted the government’s achievements, paying $91.38 per ton for the 2022 season and $101.08 per ton for the 2023 season.
“Despite the ongoing favourable cane prices, I am grateful that the government has allocated a $4 million sugar price stabilization budget.”
Additionally, $4 million has been allocated to the Cane Access Roads Program to temporarily repair over 3,000 roads, culverts, and crossings.
The ministry has also allocated $1 million for the provision of cane cage bins, aiming to fabricate over 40 cage bins to facilitate the transport of mechanically harvested cane via the rail network, the cheapest mode of transportation for cane.
Source Link : https://www.chinimandi.com/fiji-70-1-million-boost-to-the-sugar-industry-through-budget/
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