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๐Ÿ‡ซ๐Ÿ‡ฏ Fiji /Economy & Trade

Govt moves cut rice imports as oil prices rise

From FBC News · () English

Summarized and contextualized by DistantNews.

At a glance

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  • The Fijian government is increasing efforts to reduce rice imports due to rising global oil prices.
  • Minister for Agriculture Tomasi Tunabuna stated that local production cannot meet national demand, making Fiji vulnerable to market fluctuations.
  • The Ministry is expanding farming programs, distributing resilient seeds, and upgrading milling facilities to boost local production and enhance food security.

Fiji is intensifying its drive to decrease reliance on imported rice as escalating global crude oil prices drive up the cost of food imports. Minister for Agriculture, Waterways, and Sugar Industry, Tomasi Tunabuna, informed Parliament that Fiji remains susceptible to global market volatility because domestic rice production falls short of national consumption.

Tunabuna explained that elevated oil prices are inflating shipping expenses, fertilizer costs, and production expenditures in rice-exporting nations. This situation places additional strain on Fiji's rice import budget. To counter this, the Ministry of Agriculture is actively expanding rice farming initiatives. These include distributing climate-resilient seed varieties, enhancing mechanization support for farmers, and upgrading rice milling infrastructure to bolster local output.

Fiji remains vulnerable to global market fluctuations because local rice production is still unable to meet national demand.

โ€” Tomasi TunabunaMinister for Agriculture, Waterways and Sugar Industry Tomasi Tunabuna speaking in Parliament about Fiji's reliance on imported rice.

The government's long-term objective is to fortify food security, alleviate pressure on foreign exchange reserves, and generate more employment opportunities within rural communities. By boosting local rice production, Fiji aims to achieve greater self-sufficiency and mitigate the impact of global economic fluctuations on its food supply.

Higher oil prices are driving up shipping costs, fertiliser prices and production expenses in rice-exporting countries, placing further pressure on Fijiโ€™s rice import bill.

โ€” Tomasi TunabunaMinister for Agriculture, Waterways and Sugar Industry Tomasi Tunabuna explaining the impact of global oil prices on Fiji's food import costs.
DistantNews Editorial

Originally published by FBC News. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.