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FIA Panel Answer Questions on Agriculture, Sugar, Markets

FIA Panel Answer Questions on Agriculture, Sugar, Markets
ROD JACKSON Chief Financial Officer, Westpac International, Ram Bajekal FMF Managing Director and FIA president Jerome Kado during the 2017 Congress. Photo: WAISEA NASOKIA
April 22
11:00 2017

 

The Fiji Institute of Accountants panel discussion was led by Rod Jackson, Ram Bajekal and Jerome Kado.

A question was directed to the Fiji Institute of Accountants president, Jerome Kado, on agricultural opportunities that the country was tapping on.

Mr Kado responded saying, because of the constant rain and favourable weather; it supported the growth of the agriculture market.

The problem that the farmers and agriculture sector are facing now is the lack of materials available, he said.

In terms of commercial development, there’s not enough planting material, he added.

“We need to look into the world, there’s a huge opportunity out there but we need materials,” Mr Kado said.

“We need to be working together for the development of our country.”

Another question was what he thought was holding back the sugar industry.

Mr Kado responded saying: “It’s a huge challenge on how we continue to develop the farmers on the numerous opportunities.

“We need to move into secondary level and we also have to look at the risks that lies in the future. There always need to be alternatives.”

Mr Bajekal said the question was a very controversial issue.

“Economics is always trans-policy, if there’s an economic preposition in sugar becoming industrial in the future, I think one of the policies is to make it a successful industry,” he said.

It is a difficult market, selling at a premium because of the agreement, and when it comes to market prices there are always issues that needs to be addressed like mechanisation, organisation, land availability and harvesting techniques, he said.

There were about 400 delegates that were present for the panel discussion.

Mr Kado emphasised that the congress provided opportunities for its members as well as other stakeholders to come together, share views and discuss matters of national importance.

 

Edited by IVAMERE NATARO

Feedback: selita.bolanavanua@fijisun.com.fj

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