FIJI: Sugar industry to collapse without government action
The Fijian government must approve a restructuring plan immediately if it is to save the country's 120-year-old sugar industry from collapse within two years, a top executive warned today [Tuesday]. The state-owned Fiji Sugar Corporation submitted a restructure plan to the government in October last year, after posting losses of 37m Fiji dollars (US$17.1m) in the last two years, but it has yet to be approved.
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