Fiji dairy sale soon

image Written By : ELLEN STOLZ. The restructure of Rewa Co-operative Dairy Company Limited has been completed.
But there are a number of major changes that would be taking place soon which include the selling of Fiji Dairy Limited (FDL).
Executive chairman of Fiji Dairy Limited (FDL) Adrian Sofield said there were a few interested parties eager to buy the company.
“FDL is to be sold. Over 15 expressions of interest have been received from both local and international entities. The sale is expected to be completed in the first quarter of 2012,” Mr Sofield said.
FDL is the processor located at Nasinu 3 miles and the Fiji Co-operative Dairy Company Limited (FCDCL) is responsible for representing the farmers. It is located at Manoca, Nausori.
“A number of financial models have been completed to determine a pricing schedule which will ensure the survival of the industry as well as maintain the price of Rewa products for the consumer well below imported brands,” Mr Sofield said.
There was a major restructure of the dairy industry and Mr Sofield said things were now starting to look a lot better.
Mr Sofield said the new price would enable farmers to receive a price for their milk which would allow them to earn a profit and give them an incentive to increase both the quantity and quality of milk.
“FDL will purchase the milk from FCDCL who will pay the farmers. Government subsidy for the milk gate price will be continued in 2012.
“Our aim is to ensure that the dairy industry prospers.
?As it takes three years for a calf to mature and produce milk, it will take the industry a number of years to achieve their target of twenty million litres per year, up from the present ten million litres per year,” he said.

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Posted by on December 2, 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.