Fiji Sugar Corporation In Talks With New Buyer

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Name withheld until final agreement reached

By Mereani Gonedua

SUVA, Fiji (Fijilive, June 17, 2013) – A new market for Fiji's sugar has been identified and the Fiji Sugar Corporation (FSC) is currently finalizing an agreement with the buyer.

"We cannot disclose any names yet as it will jeopardize what we have been discussing however all I can say is that things are looking positive and we might have another buyer soon," FSC chair Abdul Khan told FijiLive.

"We might be able to disclose the company’s name after everything is finalised," he said.

He said apart from this negotiations Tate and Lyle is the majority buyer for Fiji’s sugar and everything is done under their fair trade agreement.

He also said there is no denying that Tate and Lyle has contributed a lot to the industry however they assuring all farmers that everything will be considered.

Meanwhile when asked about an update regarding the new sugar prices Khan replied that no prices have been fixed yet as the world prices keep fluctuating and it is hard to come up with a favorable price.

"When we do make the announcement we will make sure that it will benefit everyone."

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