Sugar factories increased sugar cane prices in Vietnam to support farmers

Farmers in sugarcane growing areas are entering the harvest season, and the businesses all announced an increase in sugarcane prices. The price of raw sugar cane ranges from VND 880,000 to VND 1,180,000 per MT, a sharp increase compared to the previous crop. At this price, sugarcane farmers are expecting to earn more profits. The sugar factories support farmers to purchase sugarcane at a higher price compared to last season's harvests to encourage growing sugarcane for sugar factories.