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 association looks to Prime Minister for help Business

Sugar association looks to Prime Minister for help

The Vietnam Sugar and Sugarcane Association proposed to the PM not to allow an extension for temporary sugar imports for re-export as the sweet industry was struggling with high stockpiles and slumping prices due to illegally imported sugar.
Sugar imports to pressure prices Business

Sugar imports to pressure prices

An import quota of 86,000 tonnes of sugar during 2016 in line with the World Trade Organisation (WTO) rules, coupled with possible imports from Laos, will continue to burden local producers.
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Action needed to tackle sugar stockpiles

The Ministry of Industry and Trade late last week required businesses to cease importing sugar for re-export via sub-border gates in the northern province of Lao Cai.
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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.
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Sugar imports to reach 70,000 tonnes

Vietnamese companies will be allowed to import 70,000 tonnes of sugar this year despite sufficient supply in the domestic market in order to keep up with WTO commitments.
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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.