15 Apr 2009

Stakeholders in Fiji's troubled SPF told to save company

10:54 am on 15 April 2009

Stakeholders in Fiji's troubled South Pacific Fertilizers Limited are being warned that time is not a luxury if they are serious about saving the country's largest importer of fertilizer.

Former SPF chairman and Sugar Cane Growers Council chairman Surendra Sharma told Fijilive that winding up SPF was a feasible option being considered by the two organisations representing farmers as shareholders of the fertilizer company.

Mr Sharma says he has cautioned all parties that the Board of Trustees of the Sugar Cane Growers Fund are already looking at their statutory responsibility to call in a Receiver and close down the company

He says he has mentioned that the government and the Fiji Sugar Corporation have a window of opportunity to provide a life-line in the next few weeks otherwise it will spell the end of SPF.

This comes as government ponders over what to do about the issue.

Interim Prime Minister Frank Bainimarama said early this week that the government, in coming weeks will take decisive steps to address the fertiliser issue as well as provide some incentives to farmers on replanting of new cane given the season has now just set in.