Vietnam: The Mekong Delta has a good sugarcane crop

Published 2024년 2월 16일

Tridge summary

Sugarcane farmers in Tra Vinh and Soc Trang provinces in Vietnam are seeing increased profits due to high sugarcane prices and support from local sugar companies. Despite rising costs for machinery, fuel, and labor, lower fertilizer prices and high selling prices for sugarcane have led to significant profits. The Tra Vinh and Soc Trang Sugar Companies are providing financial support, including interest-free loans for seeds and labor costs, and offering price insurance. They are also committing to purchase the farmers' sugarcane at a minimum price, provided the farmers sign an investment contract. This support is encouraging farmers to increase sugarcane cultivation, with a goal of expanding the sugarcane raw material area to about 3,000 hectares.

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Original content

Source: nhandan.vn Farmers in Cu Lao Dung district, Soc Trang province harvest sugarcane. With suitable land, climate, and labor conditions, sugarcane growing area in Tra Cu and Tieu Can districts of Tra Vinh province; Cu Lao Dung district, Soc Trang province at one time exceeded more than 19,000 hectares... According to many farmers in Tra Cu district, Tra Vinh province, in the 2023-2024 sugarcane crop, machinery service costs; fuel; Labor hire increased but fertilizer prices decreased compared to last year. Most sugarcane growers are excited by the increased productivity and sugarcane sold at high prices. Mr. Ly Van Toan in Luu Cu 1 hamlet, Luu Nghiep Anh commune, Tra Cu district, Tra Vinh province said that in the 2023-2024 crop year, his family planted 0.9 hectares of sugarcane, and Tra Vinh Sugar Company purchased sugarcane. tree for 1,300 VND/kg plus other subsidies, his family has a profit of more than 45 million VND. Mr. Toan further shared that when sugarcane prices ...

Source: AgroInfo.vn