Sugar producers worried as inventory remains highVietNamNet Bridge - Sugar companies have once again shouted for help as the volume of inventory is increasing rapidly, while the domestic market is flooded with smuggled sugar. Some sugar refineries have had to sell products at prices nearly equal to the prices of smuggled sugar. Some others have accepted to sell sugar below product costs to reduce the inventory volume (VND11,400-12,000 per kilogram). Some others have accepted to sell sugar below product costs to reduce the inventory volume (VND11,400-12,000 per kilogram). VSSA’s Ha Huu Phai said the price decrease fell to a 4-year low in the world market because of the record high output of 178 million tons, or 10 million tons higher than last year.

Source: VietNamNet News May 13, 2018 05:37 UTC