FSC records profit of $844,000 for its 2017/2018 financial year

The Fiji Sugar Corporation recorded a consolidated trading profit of $844,000 for its 2017/2018 financial year, compared to a loss of $18,471,000 in the previous financial year.

CEO Graham Clark says this was possible due to the continued commitment from Government and drive of all stakeholders from the FSC’s Board to their mill employees, farmers, sector teams, harvest and transport operator.

Clarke says cane production in 2018, increased by 4%, reaching 1,696,880 tonnes compared to 1,631,000 tonnes the previous year.

He says the increase in cane production is a good result; despite challenges from the two cyclone‑related floods and drought.

He says sugarcane farmers are now planting more cane and focusing on cane yields adding it is their goal to produce 3.5 million tonnes of cane by 2023, and every effort towards achieving that goal is reassuring for the FSC.