Demand for industrial sugar in Vietnam with the food and beverage processing industry

Published 2023년 9월 7일

Tridge summary

The domestic sugar industry in Vietnam is facing challenges due to a decrease in sugarcane supply and production, while the demand for sugar from food and beverage processing factories is increasing. This has led to a situation of smuggled sugar being common. To address this issue, the government and relevant parties need to implement specific measures to promote industrial sugar production, protect domestic sugar production, and establish a flexible trade policy to ensure supply and stabilize prices. Additionally, efforts should be made to detect and deter illegal trading and transportation of sugar products.

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

Original content

Reducing the supply of sugarcane and factories has a strong impact on domestic sugar production, while the demand for sugar from food and beverage processing factories is increasing. Although the domestic sugar industry is flexibly supported by import policies from the state, it has not really met the consumption volume, leading to the situation of smuggled sugar still being quite common. Linking data from the report "Assessing industrial sugar demand in Vietnam from a survey of food processing factories" (*), the government and relevant parties need to have specific measures to promote industrial sugar production. protection of domestic sugar production. The problem of industrial sugar supply and demand imbalance According to the report of the Sugar Association in August 2023, in the 2022/2023 sugarcane crop, the country's accumulated output from the beginning of the season has pressed 9.6 million tons of sugarcane and produced 935 tons of sugar of all kinds. Compared to the ...

Source: Agriculture