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.
While many people believe that sugarcane farmers will face difficulties after Vietnam implements the ASEAN Trade In Goods Agreement (ATIGA), there are also some who say it could offer bright prospects for Vietnamese sugarcane to maximise its economic value if there is coordination between the State, scientists, entrepreneurs and especially farmers.
The area under sugarcane in the Mekong Delta has shrunk dramatically during the 2019-20 crop after many farmers switched to other crops following losses in recent years.
Vietnam’s dairy giant, Vinamilk, marked its presence in the local sugar industry by debuting the Vietnam Sugar Joint Stock Company (Vietsugar) on November 28 in the central province of Khanh Hoa’s Cam Lam district.
The Vietnam Sugarcane and Sugar Association (VSSA) has submitted a plan to relevant agencies for the establishment of a fund for sugar industry development.
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