Rewa Dairy hopes to bounce back soon
CEO Ratu Savenaca Seniloli said following government's intervention they are hopeful the company will be on its feet soon.
However, he said they are still facing difficulties as they have to import much of the raw materials at a much higher price.
Over 80% of the milk is being imported for local consumption.
Last month an agreement was reached between the Rewa Dairy Co operative Limited's board, government and dairy farmers to split the company in two, following a meeting with Prime Minister Commodore Voreqe Bainimarama.
This will allow dairy farmers to concentrate on milk production while allowing the owners of the factory to increase profits and margins.
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