Fiji Sugar Corporation (FSC) Limited yesterday announced a forecast price of $62.70 per tonne of cane for the 2014 season. We all know the harvest won’t be over before the elections and no-one knows how much the FSC can really afford to pay. But that doesn’t matter. They’ll make the promise now and hope they can pay. For seven years we’ve been watching the sugar industry running down hill faster all the time. Production is half what it was before the coup. Bainimarama promised to make up for the aid from the EU he threw away because he refused to hold an election but farmers have seen none of this. Like Gandhi said of the British promise of independence when the war with Japan was over, this is a post-dated cheque on a failing bank.
Fiji Sun May 11, 2014 FSC Forecasts $62.70 Per Tonne Sugar Price