Weather Fiji, Suva   Max 30°C, Min 23°C

Fiji Sun

SUNBIZ

Cane Payment Of 2014 Is $119.5 Million: Brown

Cane Payment Of 2014 Is $119.5 Million: Brown
Photo: Fiji Live
March 20
09:54 2015

The total cane payment of the 2014 sugarcane season for the full year is $119.5 million.

This was confirmed by Tribunal at Sugar Industry Tribunal industrial commissioner/registrar Tim Brown.

Of this, $27.72 million will be issued as the third cane payment at $15.13 per tonne.

The cane payment per tonne is notably higher when compared to the same period in 2013 when it was $12.00 with $80.56 million payment in total.

Mr Brown said: “The final cane payment will be less than that paid out in 2013 due to a decline in the price of sugar.”

Feedback:  waisean@fijisun.com.fj

 

Share

Related Articles