Vietnam exports molasses to drought-affected Australian regions

15-Jan-2019 Intellasia | VNS | 6:00 AM Print This Post

Thanh Thanh Cong One-Member Company Limited, a member of Thanh Thanh Cong Corporation, plans to ship 1,000 tonnes of molasses to Australia’s Queensland this month, which is dealing with an ongoing drought.

Huynh Phuong Trang, head of public relations at the corporation, told Vietnam News that the molasses would be used as cattle feed supplement.

This is the second batch of molasses to be exported to Australia through Brisbane Port.

“The shipment volume is expected to be higher in the future because it’s at the end of the Australian sugarcane crop,” Trang said.

Trang did not disclose the value, but according to Peter Anderson, Central Queensland’s elected representative for Agforcem, buyers paid $310 a tonne at Brisbane Port and then another $130 a tonne to freight it up to Clermont.

“It’s normally around $220 a tonne,” Anderson told last month.

This is the first time Vietnam has exported molasses to Australia.


Category: Economy, Vietnam

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