According to VSSA, the total sugar supply reached nearly 1.34 million tonnes in the past seven months, higher than 1.3 million for the whole year of 2023.
The domestic sugar industry should restructure all stages of its production process towards diversifying products to improve competitiveness, according to the Ministry of Agriculture and Rural Development.
The domestic sugar industry is struggling to gain a balance between
supply and demand, after years of grappling with high inventories and
plunging oil prices.
The domestic sugar industry needs assistance as the sector is facing a
high inventory and threats from illegally-imported products, the Viet
Nam Sugar and Sugar Cane Association (VSSA) has suggested.