Vietnamese sugar mills struggle to compete Business

Vietnamese sugar mills struggle to compete

Low consumption, high inventory and continuously plunging prices mean tough times for domestic sugar mills, said chairman of the Vietnam Sugarcane and Sugar Association (VSSA) Pham Quoc Doanh.
Sugarcane faces plummeting prices Business

Sugarcane faces plummeting prices

The sugarcane sector is facing record-low prices despite an increase of 500,000 tonnes of output over last year, leading to high inventory levels, according to the Vietnam Sugar and Sugarcane Association.
Sugar prices plunge on smuggling Business

Sugar prices plunge on smuggling

Sugar prices in domestic market have fallen so sharply that sugar mills and sugarcane farmers in the Cuu Long (Mekong) Delta are facing difficulties.
Tax on imported sugar to remain at 5 percent Business

Tax on imported sugar to remain at 5 percent

The tax on imported sugar, as stipulated by the ASEAN Trade in Goods Agreement (ATIGA), will be maintained at 5 percent from the beginning of this year, instead of zero percent as previously rumoured.
Sugarcane sector needs new ideas Business

Sugarcane sector needs new ideas

Domestic and international experts in the sugarcane industry gathered at the fifth TTC annual international sugarcane conference recently held in Phan Thiet city, Binh Thuan.
Sugar output drops 1.4 million tonnes Business

Sugar output drops 1.4 million tonnes

Sugar mills nationwide turned out 1.2 million tonnes of sugar in the 2015-2016 sugarcane crop, a fall of 1.4 million tonnes from the previous crop, said the Vietnam Sugarcane and Sugar Association.
Business

Sugar production firms struggle with high inventory

The total inventory of sugar stored in factories throughout Vietnam amounted to 280,000 tonnes on September 15 this year, 58,690 tonnes more than last year, according to statistics released by the Ministry of Agriculture and Rural Development (MARD).
Business

Sugar industry cries for help

Sugar inventories in the first quarter of this year rose 50 percent over last year to 600,000 tonnes, while prices at processing plants fell to the lowest level in five years.
Business

Sugar surplus may be exported

The Vietnam Sugar and Sugarcane Association (VSSA) has submitted a proposal to the Government to allow local producers to export sugar surpluses.