The Vietnamese sugar industry has led the region in sugar productivity for the first time, according to the Vietnam Sugarcane and Sugar Association (VSSA).
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 purpose of this investment is to develop a stable sugarcane material area and lay the foundation for deep processing activities, ensuring timely consumption of sugarcane for farmers and maintaining its position as a leading sugar business in Việt Nam.
The Quảng Ngãi Sugar Company announced that sales increased by 73 per cent in 2023, with revenues exceeding VNĐ4.04 trillion, more than doubling the company''s 2022 figures.
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.
An anti-dumping duty between 25.73 per cent and 32.75 per cent would be imposed on sugar products imported from some of Thailand’s biggest sugar producers, according to the Ministry of Industry and Trade.
VinaCapital Vietnam Opportunity Fund (VOF), the flagship fund of VinaCapital, has just sold 190,000 shares of Quảng Ngãi Sugar JSC (QNS) to reduce its ownership from 6.01 per cent to 5.96 per cent of charter capital.