Ministry to auction sugar import quota 2017 in August

The Ministry of Industry and Trade yesterday announced that it would hold an auction of sugar import quota 2017 at the ministry’s headquarters in Hanoi on August 23.

Workers carry sugar bags at a warehouse in the Mekong Delta (Illustrative photo: SGGP)

Workers carry sugar bags at a warehouse in the Mekong Delta (Illustrative photo: SGGP)

This year, auction council will permit businesses to import 44,000 tons of raw sugar and 45,500 tons of refined sugar.
According to regulations, auction attendees will include traders using raw sugar to produce refined sugar and traders using sugar as a material for production.
Sugar producers will be only permitted to attend the auction of raw sugar. Those using sugar as production material will participate in the auction of refined sugar.
Starting prices will be VND1.4 million a ton for both raw and refined sugar.

By VAN PHUC – Translated by Hai Mien

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