Vietnam imports 100,000 tons of sugar to stabilize market

The government asked the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development to import a quantity of sugar to meet the demand and now it should buy 100,000 tons of sugar.

The Ministry of Industry and Trade said that last time, these enterprises which have demand of sugar as material and sugar plants complained that they can not manufacture sugar to meet the increased demand of consumption and production as sugar cane price hiked continuously.

In addition, sugar companies speculated the commodity. Accordingly, commercial and production enterprises which need sugar and sugar manufacturers sent its document to the Ministry asking for permission to import 100,000 tons of sugar. The government asked the two ministries to give quota for importing more sugar to stabilize the domestic market.

By staff writer – translated by Anh Quan

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