The Fiji Sugar Corporation's executive chairman says the new fixed price of sugar negotiated with the British Company Tate and Lyle will not be disclosed.
Tate and Lyle has agreed to lift the cap on sugar prices for this season, signing an amendment to the old agreement to buy sugar at a new fixed price.
Abdul Khan says the new price is a confidential arrangement between the two parties.
As crushing gets underway today at the Lautoka mill, Mr Khan only revealed the industry will see better financial returns this season.
"It's a significant increase, on where the price has been sitting. And one of the reasons is that the world market price has been a lot better when we did our negotiations. But we did manage to work with them and are quite pleased with what we've ended up with, with Tate and Lyle Sugars, because other than just the price it's a true partnership where they've got people working in our mills as well, and helping us prepare the mills for the coming crush."
Abdul Khan says Fiji's cane farmers can expect to earn around a total of 29 US dollars per tonne this season.
