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    Home > Food News > Sweetener News > Vietnam's sugar industry at risk of falling prices and breaking production chain

    Vietnam's sugar industry at risk of falling prices and breaking production chain

    • Last Update: 2022-04-21
    • Source: Internet
    • Author: User
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    Vietnam's "November" reported on February 16, according to the Vietnam Sugar Association (VSSA), due to the impact of the new crown pneumonia epidemic , the domestic production of sugar products in Vietnam has dropped significantly since January compared with previous years, but stimulated by the strong market demand, Smuggling of sugar products has appeared in the southwest border areas bordering Cambodia and Laos, which has caused a huge impact on the domestic sugar product market
    .
     
    According to statistics from the General Administration of Vietnam Customs, sugar products exported from ASEAN countries (Cambodia, Indonesia, Laos, Malaysia, Myanmar) to Vietnam in 2021 will reach 865,000 tons, a four-fold increase over the same period in 2020
    .
    Since December, it has been found that a large number of foreign sugars of unknown origin are smuggled into the Vietnam-Laos and Vietnam-Cambodia borders, and they are dumped at a lower price than domestic and legal imported sugar , evading the anti-dumping and anti-subsidy policies of ASEAN countries
    .
    The association said that if sugar smuggling and origin fraud cannot be effectively cracked down in the future, and if illegal sugar products are allowed to continue to impact the domestic market, it may lead to a continuous drop in product prices and a break in the production chain
    .
    Pandemic sugar smuggling
     
    According to statistics from the General Administration of Vietnam Customs, sugar products exported from ASEAN countries (Cambodia, Indonesia, Laos, Malaysia, Myanmar) to Vietnam in 2021 will reach 865,000 tons, a four-fold increase over the same period in 2020
    .
    Since December, it has been found that a large number of foreign sugars of unknown origin are smuggled into the Vietnam-Laos and Vietnam-Cambodia borders, and they are dumped at a lower price than domestic and legal imported sugar , evading the anti-dumping and anti-subsidy policies of ASEAN countries
    .
    The association said that if sugar smuggling and origin fraud cannot be effectively cracked down in the future, and if illegal sugar products are allowed to continue to impact the domestic market, it may lead to a continuous drop in product prices and a break in the production chain
    .
    price
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