Sugar prices likely flat at year-end

The sugar prices are likely to stay unchanged in the rest of this year as 50,000 tons of sugar will be produced in October, adding to 230,000 tons of imported and stocked sugar

The sugar prices are likely to stay unchanged in the rest of this year as 50,000 tons of sugar will be produced in October, adding to 230,000 tons of imported and stocked sugar, the online newspaper Danviet reported on October 7, citing the Ministry of Industry and Trade.

The retail prices of white transparent sugar and white refined sugar have increased to the highest level since the beginning of this year. The white transparent sugar is currently sold at between VND17,100-VND17,400, up 30% on year and 8.1% from January after rising for three times.

The world prices of sugar have stood at the year-peak so far, indicated by below chart.

Four sugar companies listed on the Vietnam stock market earned VND668 billion in the second quarter of 2010, including NHS, LSS, SBT, SEC. – Stoxplus.com

Tags: Vietnam sugar, Vietnam Sugar Prices

Posted by VBN on Oct 8 2010. Filed under Agriculture. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry