26 Jan 2005

Fiji unable to meet demand for sugar

10:40 am on 26 January 2005

The Fiji Sugar Marketing Company says the country is unable to meet demand for sugar because of the sharp decline in production.

Its chief executive, John May, has told Radio Legend that there is still a market for Fiji sugar in China, Malaysia, Taiwan and Korea but it cannot be met.

He says this is because sugar production has declined from 450-thousand tonnes a year to around 300-thousand tonnes.

Asian countries pay world market prices for sugar while most of Fiji's production is sold on the European market at preferential prices, which are due to be phased out in the next few years.