20 Jul 2005

Fiji farmers union buys shares in flour mill

6:42 am on 20 July 2005

Fiji's National Farmers Union has bought shares worth 60-thousand US dollars in a new flour mill that is to open in Lautoka soon.

The general secretary of the union, Mahendra Chaudhry, says union executives decided to buy the shares because of the proven track record of the Punja's Group and they were guaranteed a return of 6-percent a year.

He says the union will get a bank loan and use some of its own money to buy the shares in Punja's Flour.