The industry is still expected to have a promising year after sugar prices continuously set new highs.
Sugar stocks all posted a weekly gain despite the market's choppy week after India is expected to ban sugar export in the next season starting October.
Uncompetitive prices of imported sugar after anti-dumping taxes will boost demand for locally produced sugar.
Domestic sugar producers have been facing mounting pressure in competition with imported sugar in recent years.
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...
The anti-dumping tax on sugar is set to be applied soon which will help sugarcane businesses sell goods and make profits.
Weak demand for domestic sugar and the penetration of smuggled sugar have been dragging down sugar prices in Vietnam, driving many producers into unprofitability.
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