2 Aug 2019

Rising sugar demand sweet for Fiji

10:30 am on 2 August 2019

Fiji is expecting a sweet return from its sugar in 2020 following a forecasted rise in global prices.

A sugar cane field in Fiji.

A sugar cane field in Fiji. Photo: RNZI/ Sally Round

The chief executive of the Fiji Sugar Corporation, Graham Clark, said the positive forecast was also due to uncertainties in the European market.

With a no deal Brexit in sight, Mr Clark said Fiji's sugar industry was facing with supply constraints because buyers were trying to get as much sugar in stock as possible.

This has pushed the premium price up, he said.

The premium price in Europe is about $US80 per tonne compared to around $US60 across Asia, Mr Clark said

The change in the premium price has also resulted in Fiji looking for other markets, he said.

Get the RNZ app

for ad-free news and current affairs