Dalo exports from Fiji has a big potential with around 30,000 tonnes expected for export this year. In 2006, total dalo production was 76,155 tonnes compared to 83,751 tonnes in 2005.
11,434 tonnes of dalo, valued at $20.93million, were exported in 2006 compared to an export of 9,959 tonnes, valued at $19million, in 2005.
The Agriculture Ministry said that with Fiji dalo well known for its taste, it provided an opportunity for farmers to produce more for export.
The slight reduction in dalo production last year was due to farmers producing cassava which were mostly bought by a local factory. Farmers were now planting more cassava as it is easier to grow and it got a good price locally.
60 per cent of the dalo exported was from Taveuni Island while the rest was from the Central Division.
Dalo price in the local market is F$10.00 to F$15.00 per bundle in the local markets while the New Zealand wholesale market prices for Fiji Pink is $65.00 per 30 kilograms and Fiji white is $55.00 per 30 kilogram.
Dalo planting takes place from August to November with harvests from February to March each year.
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Tuesday, May 22, 2007
Wednesday, May 9, 2007
United States continues to show confidence in Fiji
The United States of America has shown its continued support for Fiji and the Pacific Islands region in efforts to promote and increase the duty free treatment of exports to the USA from the region.
USA also announced that a new regional office will be built in Suva, Fiji, to oversee US public diplomacy activities throughout the Pacific.
The sign of confidence provides a big boost to Fiji's efforts to rebuild its economy over recent months.
Note : Traders and merchants that wish to take advantage of our wide readership base from Fiji, Australia, USA, NZ and Canada, can check our low rates for advertising on our other blog here. To contact us, pls send an e-mail to gilbertv2@connect.com.fj or call telephones (679) 3396427 or (679) 9921427.
USA also announced that a new regional office will be built in Suva, Fiji, to oversee US public diplomacy activities throughout the Pacific.
The sign of confidence provides a big boost to Fiji's efforts to rebuild its economy over recent months.
Note : Traders and merchants that wish to take advantage of our wide readership base from Fiji, Australia, USA, NZ and Canada, can check our low rates for advertising on our other blog here. To contact us, pls send an e-mail to gilbertv2@connect.com.fj or call telephones (679) 3396427 or (679) 9921427.
Tuesday, May 8, 2007
Banks reduce lending rates
As I predicted earlier on this blog, banks will reduce lending rates from 1 June 2007. Following the lead by Westpac which reduced its lending rates from 1 May 2007 by 0.5%, ANZ Banking Group Limited announced that it will reduce all its lending rates by 0.25% from 1 June. This brings down ANZ's special 1-year fixed rate home loan to an interest rate of 9.75%.
The reduction of lending rates came about after an improvement in bank's liquidity positions when their reserve deposit requirements held on deposit with the Reserve Bank of Fiji was reduced by 1%.
Hopefully, the reduction will not cause another round of increases in the prices of homes and properties which have been at unsustainable levels over the past few years.
Due to a lack of demand and the high interest rates environment, home and property prices have started to come down in recent months.
With a continued improvement in banks' liquidity positions, I would expect lending interest rates to reduce further over the next few months.
Note : Check out the low rates for advertising on our other blog here.
The reduction of lending rates came about after an improvement in bank's liquidity positions when their reserve deposit requirements held on deposit with the Reserve Bank of Fiji was reduced by 1%.
Hopefully, the reduction will not cause another round of increases in the prices of homes and properties which have been at unsustainable levels over the past few years.
Due to a lack of demand and the high interest rates environment, home and property prices have started to come down in recent months.
With a continued improvement in banks' liquidity positions, I would expect lending interest rates to reduce further over the next few months.
Note : Check out the low rates for advertising on our other blog here.
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