Efforts are underway to restore confidence throughout the sugar industry, according to Nitya Reddy, chairman of the Fiji Sugar Corporation (FSC). He made this statement following the FSC’s annual general meeting held in Lautoka.
Reddy noted a 15 percent decline in cane production largely due to unfavorable weather conditions; however, the corporation reported a 12 percent increase in sales revenue and a 10 percent increase in its share of proceeds. He acknowledged that the sugar industry, and the FSC in particular, is facing some of the most significant challenges in its 150-year history.
“This is a critical period for our past and our future,” Reddy stated. “We are committed to utilizing all our resources to rebuild confidence across the industry, and this challenge should not be underestimated.”
He emphasized the need to restore manufacturing efficiencies, backed by initiatives aimed at improving cane production, transportation, harvesting, and farm mechanization logistics. Reddy highlighted the necessity for “structural reforms” within the industry, asserting that all segments must take accountability for their efficiency and results, rather than solely depending on the FSC.
“We believe that, with the ongoing support of our stakeholders, we can create a stronger and more sustainable future for Fiji’s sugar industry,” he concluded.