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.