Droughts and salinization caused decline in sugar output

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Thus, this was the 2nd consecutive year that domestic sugar output declined. Many factories and companies proactively built a consumption and customer care network system to contribute to the sugar consumption and stabilize the domestic market.

Many enterprises also signed long-term contracts, actively implemented the goods supply under the contracts and supported customers thoughtfully. Therefore, the production and business activities were relatively stable,

In the 2016-2017 crop year, the world sugar output is forecast to remain at a high level of deficit of around 6.2 million tons, decreasing compared to the estimated figure of 7 million tons in August, 2016. The sugar inventories has also been at the lowest level since the 2010-2011 crop year, while the world sugar consumption is expected to be significantly higher than production.

In the domestic market, according to the production plan in the 2016-2017 crop year, squeezed sugarcane volume is over 15 million tons, sugar output reached nearly 1.5 million tons, of which refined sugar accounts for about 50%, higher than the 2015-2016 crop year.

Force to search warehouses containing more than 150 tons of sugar of Minh Hien Company Limited VCN - Minh Hien company limited (located in Ha Nam) has just been investigated by functional forces ...

However, this year, the climate was difficult, the rainy season lasted for a long time in the Central Coastal provinces and Central Highland provinces. Therefore, the Association advised to continuously monitor in order to evaluate correctly production in the 2016-2017 crop year.