Vietnam's Sugar Industry Faces Challenges Due to Smuggled Sugar

In the types of crops with large areas in many localities across the country: Sugarcane is a key crop and is considered a crop that helps alleviate poverty for farmers. The country currently has 180,000 hectares of sugarcane, and at this time, farmers are urgently harvesting about 30% of the remaining area. This year is another year of bumper harvest for sugarcane farmers as the crop is both abundant and well-priced. Currently, sugarcane is being purchased by mills nationwide at a price of 1,300,000-1,350,000 dong per ton of sugarcane with 10 degrees of sugar. This price is an increase of about 10-15% compared to previous production seasons. In the Central and Central Highlands regions, sugarcane farmers are also very excited. In Phu Yen, for example, which has three sugar mills: If in the 2023-2024 production season, sugarcane with 10 degrees of sugar was bought at 1.3 million dong per ton, now these mills are purchasing sugarcane at 1.35 million dong per ton, 50,000 dong higher ...