Vietnam to export 100,000 – 150,000 tonnes of sugar in 2012

The Ministry of Agriculture and Rural Development (MARD) has proposed exporting between 100,000 – 150,000 tonnes of sugar this year to resolve difficulties businesses are facing.

The MARD has sent a document to the Ministry of Industry and Trade (MoIT), asking it to consider the proposal.

According to the MARD, the total supply of sugar is expected to reach 1.57 million tonnes this year, of which 1.4 million tonnes will be for domestic consumption, 100,000 tonnes for accumulation in the next sugarcane crop and 70,000 tonnes in surplus. However, the excess volume is likely to exceed the 70,000 tonne mark due to sugar being smuggled into Vietnam.

The MARD asked the MoIT to ship up to 150,000 tonnes abroad in an attempt to facilitate the trade of sugar and help businesses mobilize capital for production.

The MARD also recommended that the MoIT set a deadline for importing 71,000 tonnes of raw sugar within the import quota by June 2012 and store 200,000 tonnes for consumption over six months.

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