Copra Millers of Fiji Limited will resume the purchasing of copra on Monday next week.
In a statement, CMFL Chief Executive Officer Sekove Bula said CMFL had suspended the purchasing of copra because they have been struggling for a number of years.
He also said the situation CMFL is in directly relates to Copra Price Formula that has been in place for about 18 years without an adequate review, which no longer reflects the trading arrangements and the current operating environment.
Bula said to avoid this in future the Formula will be reviewed and implemented in the next weeks.
Millers Resume Purchasing Of Copra
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