Keyword: "sugar production"

Thailand's sugar production, the world's third-largest sugar producer, may fall short of expectations this season due to dry weather conditions affecting sugarcane growth.

Thailand’s Cabinet on May 11 approved a subsidy worth 6 billion baht (192 million USD) for sugarcane farmers who cut fresh cane for sugar factories instead of burning them, in a bid to reduce air pollution caused by the burning of plantations.

The prospects for the domestic sugar industry look brighter this year due to efforts to control smuggling and the imposition of duties on sugar imported from Thailand.

Tariffs cut to zero under the ASEAN Trade in Goods Agreement (ATIGA) from January 1 this year and the COVID-19 pandemic have made for a tough year for the sugar industry, heard an online seminar held by Nhan Dan (People) e-newspaper on September 16.

The sugar industry needs to restructure to compete with rivals in other countries such as Thailand, according to the Vietnam Sugar and Sugarcane Association.

Thailand produced 10 million tonnes of sugar from 93 million tonnes of sugarcane during the 2016-2017 crop from December 6, 2016 to the first week of May 2017.

Sugar producers, distributors and consumers discussed production and consumption in 2015-16 and forecasts for the next season at a recent seminar in HCM City.

Five years after staying silent in the market, sugar stocks rose with high liquidity, thanks to better sales from local firms and higher demand in the world market.

Vietnam Development Bank (VDB) will give 330 billion VND (15.7 million USD) for a project to increase the capacity of KCP Vietnam Industries Limited (KCP VIL) in central Phu Yen province.