12 Apr 2012

Nearly three million US dollars of sugar cane damaged by Fiji flooding

10:58 am on 12 April 2012

Nearly three million US dollars of sugar cane has been damaged in the recent floods in Fiji.

Fiji Village reports the chairman of the Fiji Sugar Corporation, Abdul Khan, as saying he has received an initial damage report.

He says areas in Ba, Tavua, Lautoka, Nadi and Sigatoka that were hit in the January floods were hit again.

He says this will affect sugar production and income.

Mr Kkan says some rail bridges have also been damaged which need urgent repairs.

Meanwhile, the Reserve Bank of Fiji says damage from the recent flooding is expected to slow recovery in the country's major sectors.

Reporting after its monthly meeting the Bank has stated that slow recovery in agriculture and sugar will impact this year's growth forecast of Fiji's economy.

However, Governor Barry Whiteside says reconstruction and rehabilitation works should provide some positive impetus to the economic recovery.

FBC News reports Mr Whiteside as saying that while domestic growth is expected to remain positive this year, partial indicators suggest continued negative performance in the labour market.

He says this is due to subdued investment in the economy.