Myanmar targets to export 100,000 tonnes of sugar to Viet Nam this sugarcane season

Myanmar targeted to export about 100,000 tonnes of sugar to Viet Nam in this sugarcane harvest season, said U Win Htay, vice-chair of the Myanmar Sugar and Cane-Related Products Association.
“This year, we will convey the sugar as it was contracted with Viet Nam. Now, we have already started shipping. It will be around 100,000 tonnes of sugar to Viet Nam through sea route,” he added.
Last year, about 160,000 tonnes of sugar was exported to Viet Nam during the sugarcane harvest season. But this year, Myanmar can convey only about 100,000 to nnes of sugarcane due to less domestic sugarcane production and mounting of sugarcane price, according to the Myanmar Sugar and Cane Related Products Association.
Last year, the price of sugarcane was only K42,000-K43,000 per tonne. Consequently, the sugarcane growers are facing losses. Due to high cultivating costs and lack of good price last year, the growers have reduced their sugarcane plantation this year. This year, the sugar fetches around K50,000 per tonne. Sugarcane covered 450,000 acres in the country last year. But this year, there are only 430,000 acres of sugarcane plantation, according to the association. — Ko Naing/GNLM