SUGARCANE farmers around the country received the third cane payment of $10.91 per tonne yesterday, three days ahead of the previously scheduled date.
Fiji Sugar Corporation Ltd (FSC) chairman Nitya Reddy said the payment complied fully with its obligations under the Master Award.
“The payment includes a government top-up of $10.07, over and above the actual realised price of $0.84 per tonne,” he said.
“Despite its highly stressed liquidity position, FSC is directly contributing $7.38million from its own funds towards this payment.
“In doing so for the first time in its history, this gesture goes beyond FSC’s contractual obligations and is made in recognition of the hardships faced by canefarmers.”
