Commonwealth Sugar
p. 24 · Read in the full issue
1957 Sugar Price Fiji Farmers Get More For Their C[?]
ducing countries will, in receive £Stg42/3/4 per ton for sugar delivered under the Com wealth Sugar Agreement. Tl £Stg.l/8/4 more than last yes Under the Commonwealth reement, Fiji may sell up to l: tons of raw sugar at this ] the rest of her production—any un to 70,000 tons —she sells oi open market. The new price t fore means another year of perity for Fiji.
Under an agreement whicl CSR Company has with local producers, the price paid for rises or falls in relation tc price of raw sugar.
This year, cane farmers w: getting about 2/9 per ton moi their cane—about 73/9 per t In recent months, the market price—that is, the Cuban price—has been almo high as the Commonwealth I ment price. This was due 1; to the Suez crisis.
The Commonwealth price is tiated each year and is ma< cost of production and not on tuations in the world marke Under the Agreement, the I Kingdom undertakes to pay and reasonable price to “ef producers” within the Con wealth; the cost of producing in all Commonwealth sugar-pi ing countries is therefore take: consideration.