|Viet Nam currently has about 500,000 tons of sugar, which can satisfy the domestic demand till the end of 2006.|
Viet Nam will not import additional sugar for the domestic demand in the second half of 2006, announced the Ministry of Agriculture and Rural Development on August 6.
According to the Vietnam Sugarcane and Sugar Association, the country currently has about 500,000 tons of sugar, which can satisfy the domestic demand till year-end.
The association’s proposal to stop importing more sugar recently got a nod from the Ministry of Agriculture and Rural Development and the Ministry of Trade.
Besides, the agriculture ministry is planning to increase the total sugar output in 2006-07 to 1.25 million tons and sugarcane acreage to 290,000 ha nationwide, an increase of 25,000 ha over 2005-06.
Revamped 2006-07 sugarcane production is expected to begin mid-September with the operation of 36 sugar plants nationwide.
Analysts believed that around 100,000 tons of sugar are illegally brought into Viet Nam each month.