TC Winston

Sugar Industry records $163.35 million loss

The sugar industry in Fiji has recorded a loss of $163.35 million in the aftermath of severe Tropical Cyclone Winston.  Fiji Sugar Corporation Executive Chairman Abdul Khan revealed this while speaking on behalf of the Prime Minister and Minister for the Sugar Industry Hon. Voreqe Bainimarama during the 49th session of the International Sugar Organisation […]

Salote Qalubau

May 29, 2016 2:23 pm

The sugar industry in Fiji has recorded a loss of $163.35 million in the aftermath of severe Tropical Cyclone Winston. 

Fiji Sugar Corporation Executive Chairman Abdul Khan. (Fijionetv)
Fiji Sugar Corporation Executive Chairman Mr. Abdul Khan. (Fiji One)

Fiji Sugar Corporation Executive Chairman Abdul Khan revealed this while speaking on behalf of the Prime Minister and Minister for the Sugar Industry Hon. Voreqe Bainimarama during the 49th session of the International Sugar Organisation (ISO) Council meeting in Istanbul, Turkey last Thursday.

KHAN: “Our all up losses in the sugar cane industry add up to 163.35 million Fijian dollars. The loss of workers’ livelihoods is 53.3 million Fijian dollars. The damage and losses at the Fiji Sugar Corporation’s mills is pegged at 72.7 million Fijian dollars. Production infrastructure losses are 16.9 million dollars. And a further 19.7 million Fijian dollars has been lost in industry services.”

Mr. Khan said prior to TC Winston plans for a bumper year, when the 2016 crushing season was scheduled to  start next month however the post impacts  of TC Winston has seen a drop in 2016’s production by 30 percent.

KHAN: “We are now estimating a crop of 1.48 million metric tonnes of cane and 164,330 metric tonnes of raw sugar with a TCTS (Tonnes of Cane to Tonnes of Sugar) of 9.0. When compared to the 2015 crushing season, these estimates represent a decline in cane production of 19.6 percent, a decline in sugar production of 25.9 percent and a slight decline in TCTS of 8 percent.”

Mr. Khan said the focus now is on the legal framework of the industry in further refining and streamlining its processes to upgrade three of the four sugar mills and also strengthening the finances of the Sugar Corporation.

He said the Fijian Government over the past five years has implemented reforms that have improved sugar extraction by 37 percent, reduced sugar production cost by 30 percent and increased the sugarcane payment to farmers by 78 percent.

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