Sugar shortage looms
A shortfall of about 50,000 tonnes of sugar this year is likely since total
domestic refined sugar is about one million of tonnes tops, the Ministry of
Industry reported.
The price of sugarcane at present is 30-35% higher than that of last year
sometimes reaching 45-55% higher. Many sugar refineries have already used up to
60-70% of their capacity. As a result, the price of sugar in Vietnam may rise to
US$400 a tonne, equal to 6,000-6,200 dong a kilogramme.
Category: Business
