The Fiji Sugar Corporation has been assured that the sale of Tate and Lyle's European Sugar assets to American Sugar Refining Company will not foresee any major sugar contractual implications as a result of the change of ownership.
Representatives from Tate and Lyle briefed the Permanent Secretary for Sugar, Manasa Vaniqi and other Fiji Sugar Industry representatives in London on Wednesday.
The meeting was convened pursuant to the Long term agreement between FSC and Tate and Lyle. As part of this, the delegation sought the views of Tate and Lyle on the sale of its EU sugar refining operations and its possible effects to the current sugar contract.
Speaking from London, Vaniqi said they were advised that the new owners are keen to maintain the strong relationship with the FSC.
The current long term agreement between FSC and Tate and Lyle for the supply of up to 300,000 tonnes of sugar annually runs until 30th September 2015.
Vaniqi said the presence of government officials at the meeting reinforces government's commitments in the future of the sugar industry and to take the discussions to another level.
Tate and Lyle is the largest refiner of cane sugar in the EU and have refineries in London and Lisbon.
Story by: Shalvin Deo
No sugar contractual implications
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