#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: Further suffering ahead for cane farmers

Friday, September 25, 2009

Further suffering ahead for cane farmers

The extension of the European Union's sanctions on Fiji is a death knell for cane farmers and the sugar industry.

The EU has extended its sanctions for another six months to March 2010.

Cane farmers have already lost $172 million in direct financial assistance to boost their cane crop.

The EU had earmarked $350 million for assistance to farmers to boost their crop so that the effects of EU preferential price reduction is minimal.

But the farmers are now missing a golden opportunity to cultivate more cane because the price of sugar on the world market is the highest ever, fetching as much as US$2000 a tonne.

1 comment:

Anonymous said...

Anyone can go broke in a recession
but its a unique talent that does it during a boom.

Prevailing situation within the sugar industry simply defies logic?