News

Without careful preparation, the sugar industry in Vietnam is increasingly shrinking

Sugarcane
Sugar
Vietnam
Published Jan 21, 2022

Original content

Since Vietnam removed quotas and reduced sugar import tax to as low as 5% under the ASEAN Trade in Goods Agreement (ATIGA) from January 1, 2020, sugar cane production and processing deep decline. This shows that the sugar industry lacks careful preparation before opening and has led to the loss of the domestic sugar industry. Sugarcane production area decreased by 45.1%, from 274,340 ha in crop year 2016-2017 to 150,689 ha at present. Sugarcane yield also decreased by 5.1%, from 64.8 tons/ha in 2016-2017 to 61.5 tons/ha. Along with that, the number of sugarcane farming households decreased by 42.5%, from nearly 219,500 households in 2016-2017 to over 126,200 households. According to the reports of sugar mills, in the 2020-2021 pressing season, the output of raw sugar cane consumed and processed is only 6,739,417 tons of sugarcane (compared to the factory's expected 7,498,060 tons at the beginning of the crop. Street). This is the season with the lowest amount of sugarcane consumed ...
Source: Vinanet
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