Low demand and price of local sugar in Vietnam

Demand for domestic sugar in Vietnam remains very low. The domestically produced sugar is poorly consumed and the inventory is very high and the foreign sugar continues to penetrate and dominate the markets in Vietnam.
The price of sugar produced from domestic cane depends on the quality of sugar, ranging from 12,000 to 13,500 VND / kg. Sugar produced from domestic sugarcane is not consumed as the imported sugar prices and domestic prices compete. Due to the high competition, the prices of domestic sugar are pushed lower and lower irrespective of the international sugar prices.