www.fijitimes.com - Friday, October 30, 2009
THE Sugar Cane Growers Fund paid $20.5million to the South Pacific Fertilizer company for the purchase of raw materials last year.
Fund chairman John May said this was the done as a result of a directive from the Minister for Finance, National Planning and Sugar Industry.
Mr May said $1million given in January last year had been fully repaid.
At the end of February last year, the fund gave $3.6million, of which $2.5million had been paid through a government grant.
Mr May said the fund paid $2.6million at the beginning of June and another $6,556,846 at the end of June, which had been fully repaid.
He said the $6.78million was paid in September.
Last year was tough year for the industry.
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