Artical
Sugarcane association objects to sugar import
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The Vietnam Sugar and Sugarcane Association has raised objections to the import of sugar, saying that it is causing a sugar surplus in the local market.
Workers package sugar at Vi Thanh Sugar Mill in Hau Giang Province (Photo: SGGP)
Nguyen Thanh Long, Chairman of the association said that enterprises have imported sugar just when sugar refineries are entering their peak production
phase, causing a surplus of sugar in the market. He said that by April 15, refineries had 510,000 tons of sugar in stocks, up by 142,000 tons compared to the same period last year. If they continue their production until the end of this sugarcane crop, an estimated 180,000 tons will be produced. By that time, the country would have 690.000 tons of sugar.
phase, causing a surplus of sugar in the market. He said that by April 15, refineries had 510,000 tons of sugar in stocks, up by 142,000 tons compared to the same period last year. If they continue their production until the end of this sugarcane crop, an estimated 180,000 tons will be produced. By that time, the country would have 690.000 tons of sugar.
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