Sugar Industry In Limbo: World Bank
The Government’s support towards the sugar industry has not improved the competitiveness or profitability of the sector, The World Bank said.
Saturday 22 April 2023 | 16:52
The Government’s support towards the sugar industry has not improved the competitiveness or profitability of the sector, The World Bank said.
The secular decline of the sugar sector since the 1990s has continued in terms of its share of agriculture gross domestic product (GDP) and of merchandise exports, the bank said.
The World Bank’s Fiji Public Review 2023 report said the international competitiveness of the industry declined rapidly in the past 30 years.
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Labour and other resources have continued to move out of the sugar sector, said The World Bank.
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Story by: josefa.babitu@fijisun.com.fj