Domestic sugar under pressure on home turf vietnamnews.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnews.vn Daily Mail and Mail on Sunday newspapers.
The inadequate supply has left the Ministry of Industry and Trade (MOIT) with no choice but to call for bidders for the additional import quotas of 200,000 tonnes.
In 2023, sugar exporters are likely to benefit from higher export prices and trade remedies imposed by Vietnam, leading to a possible renaissance of sugarcane plantation and sugar mills.
The domestic sugarcane and sugar industry expects to continue output growth with the 2022-23 crop thanks to the positive production performance and the tariff policy s efficiency for importing sugar.
After the Vietnamese imposition of anti-dumping and anti-subsidy duties, the volume of Thai sugar imported to Viet Nam hit a four-year low in Q1 of 2022