Sugar cane farmers in Labasa are expected to receive an average of $6 million a year through the Fair Trade Initiative.
That is the commitment from Tate and Lyle, which produces over 1 million tonnes of cane sugar each year from two refineries in England and Portugal, which get their raw supply from the African, Caribbean and Pacific countries including Fiji.
According to Tate and Lyle Technical Director, Andrew Truscott under the Fair trade program with Belize, the farmers in the Central American country received a premium of US$60 per tonne of sugar for the Fair trade sugar supplied to Tate and Lyle.
Truscott in a statement said that taking the current forecast price of sugar, determined by FSC where a tonne of sugar sells at $45 and with an average of 500,000 tonnes from Labasa, the farmers will be able to receive an average of $120 for their produce which will be $6 million a year.
The Fair trade initiative was launched last week by the Prime Minister Commodore Voreqe Bainimarama who praised the initiative saying that this was a milestone for the farmers.
$6M annually for labasa cane farmers
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