Vietnam 2009-10 Sugar Output Falls 3% to 889,450 Tons

Sugar refineries in Vietnam have completed the 2009-2010 crop with an a total output of 889,450 tons, down nearly 3% from the previous crop, according to the Ministry of Agriculture and Rural Development.

The refineries are holding 336,000 tons of sugar in stocks, up more than 35% from 220,000 tons a year earlier, the ministry said.

Earlier, the ministry forecast that Vietnam will lack up to 300,000 tons of sugar, despite a full-year import quota of 200,000 tons.

Currently, sugar is selling for between VND14,000 and VND18,000 a kilogram in Ho Chi Minh City, down VND200-VND400/kg from compared to several weeks earlier.

Local traders said the prices of domestically-made sugar are still some VND3,000-VND4,000/kg higher than Thais’, prompting consumers to shift to imported sugar.

Tags: Vietnam sugar, Vietnam sugar output 2010

Posted by VBN on Jun 10 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