The price of raw material sugarcane in the crop year 2020 - 2021 increases to 1 million VND / ton in Vietnam

Published 2021년 2월 24일

Tridge summary

The article highlights the efforts of various sugar companies in Vietnam to support sugarcane producers by increasing the purchase prices for the 2020-2021 crop year. An Khe Sugar Factory raised its rate by 30,000 VND/ton, and other companies like Thanh Thanh Cong JSC and Son Duong Sugar JSC have also increased their prices. The Vietnam Sugarcane and Sugar Association (VSSA) has recommended an increase in sugarcane purchase prices to cover costs and provide a profit margin for farmers. The association also suggested that sugar mills could use the 'retroactive payment' approach to financially support farmers after the harvest.

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Original content

Information from An Khe Sugar Factory (Quang Ngai Sugar Company) shows that in order to encourage producers and traders to invest and develop, the owner co-harvests the sugarcane sold to the factory, in the crop year 2020 - 2021 units increase the rate. Sugarcane purchasing price of raw materials to 980,000 VND / ton of net sugarcane 10 CCS in the field. This price increased by 30,000 VND / ton compared to the previous adjustment on January 14. This is also the 3rd price increase adjustment since mid-December 2020 up to now. Regarding the additional sugarcane fee, the company will support the transshipment of sugarcane 30,000 VND / ton of net sugarcane over weight and clean sugarcane is 20,000 VND / ton of net cane over weight, applicable to sugarcane with impurities below 2%. This adjustment will be applied from February 21, 2021 until new notice. Thanh Thanh Cong Joint Stock Company - Bien Hoa also increased the basic sugarcane purchase price of 20,000 VND / ton of clean ...

Source: Vietnambiz