Sugar industry needs reformsThe sugar industry needs to restructure to compete with rivals in other countries such as Thailand, according to the Viet Nam Sugar and Sugarcane Association. Pham Hong Duong, deputy chairman of the Viet Nam Sugar and Sugarcane Association, speaks at a meeting in HCM City on Friday. Duong said the association would call on the Government to make development plans for the sugar industry. Cheap sugar smuggled in from Thailand has caused difficulties for Viet Nam’s sugar and sugarcane industry in recent years. Talking about the prospects for the sugar industry this year, he said global sugar prices have increased significantly compared to a year ago, which is a positive signal.

Source: VietNamNet News May 26, 2018 02:37 UTC