Home » Uncategorized » Collapse of sugar industry put off until after election. Investigations by Islands Business magazine had shown that once Fiji’s sugar exports to the EU market are taxed, Fiji sugar will be deemed unviable which would probably lead to the collapse of the entire industry of 24,000 growers and their families

Collapse of sugar industry put off until after election. Investigations by Islands Business magazine had shown that once Fiji’s sugar exports to the EU market are taxed, Fiji sugar will be deemed unviable which would probably lead to the collapse of the entire industry of 24,000 growers and their families

Fiji fears force deal with EU to save sugar industry

Viability hangs on interim EPA

By Samisoni Pareti

August 2014

Fears of the collapse of Fiji’s multi-million dollar sugar industry prompted its government late last month to opt for an Interim Economic Partnership Agreement (IEPA) with the European Union.
Investigations by Islands Business magazine had shown that once Fiji’s sugar exports to the EU market are taxed, Fiji sugar will be deemed unviable which would probably lead to the collapse of the entire industry of 24,000 growers and their families as well as the hundreds more who work in the Fiji Sugar Corporation’s four sugar mills.
The ramifications of such an economic fallout will be disastrous, something the Fijian Government of Prime Minister Frank Bainimarama can ill afford on the eve of its September 17 general elections.
Our investigations show that Fiji’s sugar currently fetches around €400 Euro (AU$570) in the EU market. Once our current trade agreement under Lome lapses, Fiji’s sugar will automatically cop duty of €339 per tonne. This leaves Fiji with a mere €61 per tonne in revenue, rendering the entire sugar market unviable.

http://www.islandsbusiness.com/2014/8/business/fiji-fears-force-deal-with-eu-to-save-sugar-indust/

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12 thoughts on “Collapse of sugar industry put off until after election. Investigations by Islands Business magazine had shown that once Fiji’s sugar exports to the EU market are taxed, Fiji sugar will be deemed unviable which would probably lead to the collapse of the entire industry of 24,000 growers and their families

  1. It is not fair to discuss the sugar industry’s problems just ahead of the election. You have to give our highly competent sugar minister just a little bit more time – at least four more years – to fix the problems. If it was fair to discuss the issues, Croz Walsh would have done so.

  2. The Fiji First Dictator says that no government has ever done so much for Fiji..yeah right, like destroying the sugar industry.

  3. Fiji’s Sugar Industry started to die from 14 May 1987, and this rot accelerated from 19 May 2000

  4. The FSC, Sugar minister and all in authority should have seen this coming or it seems they are burying their heads in the sand. With sugar production half what it was before the culprits took over, it is going on a spiral toward imminent doom. That the industry is still alive is a miracle. But more than miracle is needed to save it now with the EU tax about to be implemented. We have been hearing other stories about sugar exports to other countries. Is this another fabrication to cover up the impending disaster? After elections we should get someone else to run the sugar industry. The current administrators have failed badly and it is affecting us now that we are paying twice the amount it used to be 2 or 3 years ago.

  5. Let’s not forget the whole world is shouting ‘use less sugar’ for health reasons.

    The sugar industry has been declining worldwide for years in the same way as the tobacco industry.

    But Fiji never saw this coming.

  6. Beloved Aunty,

    Boo hoo for the sugar industry. You know I have done some sweet deals in my time running this banana republic, maybe not with sugar, I left that one for my simple friend. We should let the people know before the election. Then they will love me all the more. Everything my large and stupid friend touches turns to shit. They will want me for PM instead of him.

    Did you like that joke (sweet deals). My friends at Qorvis have told me I need to smile more and crack a few funnies. Want to hear a funny joke? The Fijian economy, ha ha.

    Anyway I have to run. Its stand-up comedy night at the Holiday Inn. I am going to read Frank’s acceptance speech (before Qorvis edited it). That should bring the house down.

    Your Loving Nephew (and Super Fun Guy)
    Aiyaz

  7. Indians are stupid to be involved in sugarcane farming.Look at the chinese all doing cash farming and never paying tax.It is high time Indians change their mind set regarding sugarcane farming.

  8. Thanks nephew for coming in here, but please be careful not to expose yourself too much. There is always a risk that even the indolent Fijian peasants get angry and should this eventuate, it is much wiser to have the big oaf as the frontman to be strung up. Lets stay in the background and make some serious money, while we direct the moron where we see fit.

  9. Beloved Aunty

    Having Fatboy as the front man was the smartest thing I have ever done. He is allowing me to implement my thesis without questioning it. He doesn’t care as long as he stays out of Naboro. There is no motivation like self preservation.

    Our fellow Indo-Fijians are so much dumber than I thought. They have been against past coups now we have their support. They now see our coup as a “righteous” coup. Hook line and sinker. Give Gates and Shameem a pay rise. Without their abrogation blueprint we could never have pulled this off. Gates is a genius at pulling things off.

    Love and ki$$es
    Nephew

  10. The sugar industry is a victim of Sitiveni Rabuka’s master plan of 1987 ,where he said quite catergorically, that Indians should be squeezed out of Fiji systematically ,and that is exactly how it is all happening….that said, I believe the government has another quite clever idea of producing Ethanol and using that as a fuel blend thereby reducing our fuel imports and pretty much saving millions of dollars of imports in fuel and increasing sugar cane production for the sole purpose of fuel manufacture.

  11. Thank you gentlemen. Your insightful and humorous comments made me smile a few times. There is still hope yet with our sanity intact when we can comment on serious issues and yet afford to smile. Yes indeed, our once critically important sugar industry has gone to the thieves. What else do we expect when thieves take control of the national coffers and the strategic business units that contribute to it. Even Aunty’s Nephew agrees that whatever Vorere touches turns into shit.

    Vorere is a fool and a dangerous and calculating one at that. He could not even do well at school. He did not do well as a Commander. He gets paid several augmented salaries for work he does not do. He has destroyed people’s lives and the budding Fijian economy. He has done well only for himself and for those of his families, friends and supporters. He knows only too well that time is not on his side. He does not care about the past because he is so simple minded that he does not understand history. If he did, he would appreciate that Fiji today is the sum total of all the sweat and tears and sacrifices of all the people who have contributed to build our nation to what it is today.

    His basic motivation is self preservation as someone had correctly pointed out. He is one of the most selfish and ego centric person you will ever know. What would KC Ramrakha, SM Koya, AD Patel, KKT Mara, P Ganilau, GCakobau, and all the hundreds of thousands of people, families and landowners, farmers will say about the most pathetic state of our sugar industry. Very sad indeed to see what was once Fiji’s very economic lifeline come to its present state.

    This is what happens when monkeys force themselves into power to pretend to do the things that only educated and honest human beings can do. Its time to remove the animals. It is possible to save the sugar industry. With smart innovation, technology, funding support and incentives, there are ways to transform FSC into a modern and successful company responding to the demands of the modern markets and the perculiar needs of all its stakeholders. Nothing is impossible, but this is impossible with a monkey/thief leading the challenge.

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