Myanmar sugar sells well abroad, and sugarcane prices rise

Published 2023년 11월 29일

Tridge summary

This year, many countries have expressed interest in purchasing Myanmar-produced sugar, with Vietnam being given priority by the Myanmar Sugar and Sugarcane Products Entrepreneurs Association. Bangladesh and Indonesia have also shown interest in purchasing sugar from Myanmar. To meet the increased demand, Myanmar plans to export white sugar during this year's sugar cane season, prioritizing the 10,000-ton order from Vietnam.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Myanmar Sugar and Sugarcane Products Entrepreneurs Association, many countries have contacted them this year and expressed interest in purchasing Myanmar-produced sugar. However, the association stated that it will give priority to exporting to Vietnam. In addition to countries such as Bangladesh and Indonesia expressing interest in purchasing in September, Vietnam has also placed additional orders. In order to meet these needs, Myanmar plans to export white sugar in this year's sugar cane season. Since Vietnam has issued an order of 10,000 tons, exports to Vietnam will be prioritized . Myanmar's sugar exports are usually considered for export after meeting domestic demand. Currently, due to the high price of sugar, sugar mills are offering high prices to purchase sugar cane. Last ...

Source: Foodmate