Low consumption, high inventory and continuously plunging prices mean tough times for domestic sugar mills, said chairman of the Viet Nam Sugarcane and Sugar Association (VSSA) Pham Quoc Doanh.
Several sugar companies are saddled with increasing inventory because of
imported and smuggled sugar, according to figures from the Ministry of
Agriculture and Rural Development.
The Viet Nam Sugar and Sugarcane Association has asked the Government to
strengthen measures to prevent sugar smuggling and allow the export of
locally produced product.
