Charan Jeath Singh, the Minister for Multi-Ethnic Affairs and Sugar Industry, is currently participating in the 65th International Sugar Organization (ISO) Council Meeting and the 33rd ISO Seminar being held in London. During the seminar, Singh engaged with various international companies to enhance the Fiji Sugar Corporation’s (FSC) presence in the global market.
Among the key meetings was a discussion with Tate and Lyle, a part of the American Sugar Refinery (ASR) Group. The dialogue revolved around global market sustainability, which is becoming increasingly essential for participation in international markets. This dialogue holds significant historical relevance, as Tate and Lyle was once Fiji’s principal importer of sugar during the era of favorable pricing agreements with the European Union (EU).
Singh recognized the critical role that Tate and Lyle has played in Fiji’s sugar industry, particularly in terms of the benefits that Fiji garnered from the guaranteed price of sugar linked to the EU Sugar Protocol. The Minister expressed Fiji’s desire to revitalize the partnership with Tate and Lyle, emphasizing that any reconnection must align with sustainability goals that benefit local sugarcane farmers.
“The time has come for Fiji to reclaim its position in the global sugar market,” Singh stated, referencing the impact of the loss of preferential pricing that previously hurt Fiji’s market share.
Moreover, the directors of Tate and Lyle shared valuable market insights and proposed strategies for resilience in an increasingly competitive sugar industry. This year’s ISO Seminar carries the important theme of ‘Sustainable Solutions for Sugar & Energy,’ which reflects the ongoing commitment toward innovation and eco-friendly practices within the sugar sector.
This meeting underscores a hopeful outlook for the Fijian sugar industry, as global partnerships and sustainability initiatives could lead to renewed growth and benefits for local farmers, providing an opportunity for the revival of Fiji’s prominence in the international sugar market.
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