Domestic sugar production fails to meet market demand
VOV.VN - Vietnam’s sugar production was estimated to be roughly 750,000 tonnes during the 2021 - 2022 crop, an increase of 8.3% compared to the previous crop, although this rise has yet to sufficiently meet domestic market demand.
According to the Ministry of Industry of Trade, the country lacks hundreds of thousands of tonnes of sugar.
The Ministry reported to the Prime Minister about supplementing the sugar import tariff quota of the 2021 - 2022 crop with an amount of 200,000 tonnes, including 160,000 tonnes of raw sugar and 40,000 tonnes of refined sugar.
An auction took place at the headquarters of the Ministry of Industry and Trade on December 26, drawing the participation of seven enterprises assigned tariff quotas with a total volume of 125,000 tonnes.
Among them are five enterprises allocated with 100,000 tonnes of raw sugar, and two others with 25,000 tonnes of refined sugar.
Seven enterprises in late September were assigned tariff quotas with a total volume of 109,000 tonnes at a sugar import auction organised by the Ministry of Industry and Trade.