Trade Ministry Asks Sugar Suppliers to Stabilize Price
The Ministry of Trade has advised local sugar refineries and merchandisers to work together to stabilize prices of sugar and sugar cane.
Sugar cane should be traded at a reasonable price of VND360,000-400,000 per ton, and the sugar retail price should be VND8,000-8,500 a kilo, the ministry said.
The ministry forecast the country will need about 1.37 million tons of sugar this year, about 5-6 per cent higher than last year, adding that local sugar refineries will be able to meet the demand.
This year, 37 sugar factories will be able to produce over 1.1 million tons. Some 150,000 tons will be manually-made by small establishments and sugar stockpile.
Vietnam is likely not to import sugar like 2006, in which import of about 300,000 tons of sugar was allowed due to undersupply.
(Liberated Saigon)
Vietnamese
