The sugar industry "caught in a price slump" The 2024-2025 crop marks a remarkable recovery for Vietnam's sugar industry with sugar cane output reaching 12.4 million tons and nearly 1.3 million tons of various types of sugar, increasing by 110% and 120% respectively compared to the previous crop. After four consecutive crops, the output has more than doubled, bringing the sugar industry back to a growth trajectory. However, entering the 2025-2026 crop, the industry is under significant pressure from record inventories, accounting for over 60% of the previous crop's output as of July 31, 2025, and selling prices below production costs. The price of white sugar currently fluctuates between 17,400-18,200 VND/kg, refined sugar 19,500 VND/kg, down 2,000 VND/kg from the previous year and the lowest in the region compared to the Philippines and Indonesia (over 30,000 VND/kg). In an interview with the author, Mr. Nguyen Van Loc - Chairman of the Vietnam Sugar and Sugarcane Association ...