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.
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 sales face difficulties: association Business

Sugar sales face difficulties: association

The sale of sugar has been facing difficulties since the beginning of October, causing problems for sugar producers in recent days, according to the Sugar and Sugarcane Association.
Local firms sour on sugar imports Business

Local firms sour on sugar imports

The additional import of 100,000 tonnes of sugar approved by the Ministry of Industry and Trade (MoIT) has raised concerns for local sugar producers.
Pilot bidding set for sugar imports Business

Pilot bidding set for sugar imports

The Ministry of Industry and Trade will establish a council to conduct pilot bidding on the import of 85,000 tonnes of sugar under a tariff rate quota (TRQ) this year.
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.
Business

Tender planned for sugar imports

The Government has agreed with the Ministry of Industry and Trade to put sugar import within quota out for tender in 2016 instead of allocating it in order to ensure transparency.
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

Food exports drive up local prices

The increasing unofficial export of many kinds of food items including poultry eggs, pigs, sugar and coconuts to China has pushed their prices up in the domestic market.

The price of poultry eggs in HCM City markets has risen significantly, with salted duck eggs now costing 5,000 VND (0.24 USD) each, compared to 3,500 VND earlier.

Furthermore, traders are finding it difficult to purchase enough eggs despite offering higher prices, reports the Sai Gon Tiep Thi newspaper.
Business

Sugar production climbs by 21.3 percent

Vietnam produced 1.13 million tonnes of sugar in the 2010-11 sugarcane seasons, up 21.3 percent against the last season, according to the Vietnam Sugarcane and Sugar Association.