Just one month ago, when the world’s prices were low, sugar refineries affirmed that no need to import sugar. Now, when the world’s prices increase, they believe that it is necessary to import sugar. In May 2011, the Vietnam Sugar and Sugar Cane Association affirmed that the sugar stocks were big enough to satisfy the [...]
Vietnam ordered a halt to sugar importation on Friday in a move to help local producers unload a mounting surplus. At a meeting on Friday, Nguyen Thanh Bien, Deputy Minister of Industry and Trade, asked companies that have received sugar import licenses to temporarily stop signing new purchase agreements. Bien ordered those who have already [...]
The Ministry of Industry and Trade will permit sugar importers to fulfill import plans under a current import quota of 250,000 tonnes – despite calls by domestic sugar manufacturers to reduce the quota in light of a large domestic surplus they estimate to be as large as 525,000 tonnes. Sugar import quotas for 2011 would [...]
The Vietnam Sugar and Sugarcane Association has raised objections to the import of sugar, saying that it is causing a sugar surplus in the local market. Nguyen Thanh Long, Chairman of the association said that enterprises have imported sugar just when sugar refineries are entering their peak production phase, causing a surplus of sugar in [...]
The Ministry of Industry and Trade has given permission to 24 enterprises to import sugar up to July this year for the domestic market, said the Ha Huu Phai, general secretary of the Viet Nam Sugar Association. The Viet Nam Dairy Corporation received the largest import quota and has been given permission to buy 65,000 [...]
The Ministry of Industry and Trade (MoIT) has granted a quota of 140,000 tons of refined and crude sugar to 24 local sugar importers until 7 July 2011 The Ministry of Industry and Trade (MoIT) has granted a quota of 140,000 tons of refined and crude sugar to 24 local sugar importers until 7 July [...]
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