Need policies to support sugarcane like rice in Vietnam

Published 2024년 5월 6일

Tridge summary

Thanh Hoa province has seen a significant decrease in sugarcane cultivation areas, leading to challenges for processing facilities and forcing some factories to shut down. This is due to unstable prices, high production costs, and a lack of labor, causing businesses to restructure and invest in technology to reduce costs and improve efficiency. The Vietnam Sugar Association reports a rise in sugarcane production and output, with signs of recovery in Thanh Hoa's sugar industry. To foster sustainable development, the article suggests policies to consolidate land, promote mechanization, support sugarcane producers, and offer preferential loans to households engaging in sugarcane cultivation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Restructuring for sustainable development 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 ...
Source: Agriculture

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