Thursday, September 26, 2013

Agriculture of Fiji

Fiji Agriculture

Agriculture, which was once a major stronghold of Fiji’s economy, now comprises only 8.9% of the nation’s GDP. More than three-quarters of all Fijian households used to engage in agricultural-related activities, but now many of those workers have switched over to the growing service industry.
Sugarcane is Fiji’s most important agricultural industry, accounting for over one-third of all of Fiji’s industrial activity. Indigenous Fijians own most farmland and local residents of Indian ancestry farm it and produce about 90% of all sugarcane, which is then processed into raw sugar and molasses in the Fiji Sugar Corporation, which is predominantly owned and run by the government. The European Union is the largest export market for Fiji’s sugar.
Coconut and copra (the dried meat of the coconut) are also important agricultural products that are widely used and exported from Fiji. There was a ban on exporting copra until 1998, and since then a new copra-buying company has emerged, raising the price of copra considerably. Fiji also grows and exports bananas, pineapples, watermelons, cereal, rice, corn, ginger, cocoa and tobacco.