March 6, 2021 4:23 pm
Fiji Rice Limited today submitted their financial reports for the years 2013 to 2017 at their first Annual General Meeting after more than a decade.
Board Chair Raj Sharma says the audited accounts for the past years were not in order and they have spent the last few years putting it together.
Speaking to
FBC News after the meeting, Sharma says the financial report was the focus of the meeting which was held in Labasa this morning.
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The report notes that the company continues to make profit despite substantial losses recorded in the years 2013 to 2015.
In 2013, the company recorded a loss of $268,000. In 2014, they recorded a loss of $311,000 and in 2015 – a loss of $318,000.
Fiji Rice Limited Sustained $350k Loss During TC Yasa/Ana Fiji Rice Limited (FRL) has incurred around $350,000 loss in the Northern Division. This was in light of the recent two Tropical Cyclones Yasa and Ana. Fiji Rice general manager by shratika naidu Rice Farms flooded in Dreketi during Tropical Cyclone Ana on February 1, 2021.
This was in light of the recent two Tropical Cyclones Yasa and Ana.
Fiji Rice general manager Ashrit Pratap said the mill at Dreketi, Macuata Province sustained damages around $250,000 caused during TC Yasa on December 17, 2020.
During TC Ana on January 31, 2021 he said the flooding d
Ashika Devi’s damaged house in Nabilo, Dreketi. Picture: ANISH CHAND
An advisory councillor form Nabilo in Dreketi, Vanua Levu, is urging people to help each other as the recovery process begins in Severe Tropical Cyclone Yasa affected areas.
Ashika Devi said her family had taken refuge at the Fiji Rice mill property and were shocked to find their home destroyed the next day. “I never thought I would live in a shed,” she said.
“I thought I had a peaceful life, had a house and would enjoy my life with my family.
Ashika Devi inside her temporary shed at Nabilo, Dreketi where she now lives with her husband and daughter. Picture: ANISH CHAND
Jan 07, 2021 10:49:57 AM Sugarcane framers in the North whose farms were affected by storm surges during severe tropical cyclone Yasa have been encouraged to take up rice farming while waiting for their farms to recover in the next four months. Minister for Agriculture Dr Mahendra Reddy offered the suggestion during a recent meeting with the senior management of the Fiji Sugar Corporation (FSC). The meeting was mainly to discuss strategies that will assist farmers affected by the salt water intrusion in the low lying coastal areas. Most of the farms in low lying areas of Nagigi, Korovatu, Vunika, Wailevu and Tiri settlement of Tabucola had been affected.
TC YASA RICE REHABILITATION PROGRAM COMMENCED FOR NORTHERN DIVISION
31/12/2020
A rehabilitation program for the rice farmers launched on Tuesday (29.12.20) will focus mainly for rice production throughout the Northern Division. The initiative was formulated to elevate the rice industry in the Northern Division after the Tropical Cyclone Yasa.
While speaking to the farmers in Bua, the Minister for Agriculture, Waterways and Environment, Hon. Dr Mahendra Reddy said the rehabilitation program is aimed at getting rice production underway immediately post TC Yasa as part of Ministry’s rehab efforts.
This rice rehabilitation program will mainly include land preparation work for rice farming and will be active for 10 weeks.