Economy

Sugar output drops by 62%, mahogany production also declines

Cane and sugar output declined significantly by 55.7 percent and 62.0 percent respectively in the first 10 weeks of production, according to Reserve Bank of Fiji’s August Economic Review. The decline reflects the damage sustained by the cyclones earlier in the year. Similarly, there was a contraction in wood intake (-38.2%) by Tropik Wood Industries Limited […]

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September 1, 2016 9:05 am

Cane and sugar output declined significantly by 55.7 percent and 62.0 percent respectively in the first 10 weeks of production, according to Reserve Bank of Fiji’s August Economic Review.

The decline reflects the damage sustained by the cyclones earlier in the year.

Similarly, there was a contraction in wood intake (-38.2%) by Tropik Wood Industries Limited which resulted in lower woodchip production (-44.7%). This was partly driven by the closure of the Drasa mill for the first four months of the year.

Mahogany production also declined over the same period (-8.9%) due to bad weather conditions affecting access to the mahogany forests.

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