Vietnam: Policies are needed to support the sugarcane industry

Published 2024년 5월 13일

Tridge summary

Thanh Hoa province in Vietnam has seen a significant decrease in sugarcane cultivation areas, falling nearly 2.5 times over the past 10 years, leading to challenges for processing facilities and resulting in the closure of several sugar factories. This decline is largely due to unstable prices, high production costs, and a lack of labor, causing many farmers to abandon sugarcane and try other crops. However, despite these setbacks, the Vietnam Sugar Association reports a surge in sugarcane production for the 2023-2024 crop, with a notable increase in both harvested area and output. Lam Son Sugar Joint Stock Company is playing a pivotal role in this recovery by investing in technology upgrades, diversifying products, and supporting farmers through various means. The company's Deputy General Director, Le Ba Chieu, has emphasized the importance of policy support, mechanization, and sustainable development practices to ensure the long-term viability of the sugarcane industry. His recommendations include policies for land consolidation, mechanization, and financial support for producers to adapt to the changing agricultural landscape and compete with other crops.

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Original content

Source: nongnghiep.vn Thanh Hoa is one of the localities with a large sugarcane growing area in the North Central Region. However, in the past 10 years, the sugarcane growing area in Thanh Hoa province has decreased nearly 2.5 times (from 32 thousand hectares in 2015 to more than 12 thousand hectares in 2023). Many farming households have quit their job or switched to other crops because of unstable sugarcane prices, lack of labor involved in production and rising production costs. Sugarcane area has decreased sharply, causing difficulties for processing facilities due to lack of raw materials. Some sugar factories even had to close because of loss of business. Many businesses have had to restructure to "escape" in the context of extremely bleak sugarcane farming over the past years. Mr. Le Ba Chieu, Deputy General Director in charge of Lam Son Sugar Joint Stock Company (Thanh Hoa) said: "The decrease in sugarcane area has directly affected the results and production and business ...

Source: AgroInfo.vn