Fiji National Provident Fund invests in hydroponic farming

Fiji’s national superannuation fund aims to diversify agriculture after consultations with its seven resorts and hotels. Fiji National Provident Fund has called for expressions of interest for a joint venture partner in a hydroponic farm.

It followed an assessment of local sourcing needs in consultation with stakeholders. In 2017, hotels and resorts in Fiji’s main tourism areas spent FJ $74.4 million on the procurement of fresh produce.

Of this, 52 percent, or more than FJ $38.5 million (US $18.8 million), was spent on imported items. Vegetables, fruits, and herbs totaled over $16 million for the tourism sector.

Meanwhile, the superannuation fund called on qualified management service providers for the venture. Joe’s Farm Produce, a prominent hydroponic farm owned and operated by leading local businessman Michael Joe, did not comment when contacted by SunBiz.

Source: Fijisun

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