Sugar prices likely to trend up due to lack supply
Sugar prices are likely to increase due to the shortage of 2.5 million tonnes of sugar during the 2019 – 2020 crop, experts forecast at the fourth conference of the ASEAN Sugar Alliance (ASA) underway in Ho Chi Minh City on June 17-18.
HCM City (VNA) – Sugar prices are likely to increase due to the shortage of 2.5million tonnes of sugar during the 2019 – 2020 crop, experts forecast at thefourth conference of the ASEAN Sugar Alliance (ASA) underway in Ho Chi MinhCity on June 17-18.
Chairman ofthe Thanh Thanh Cong JSC Dang Van Thanh said due to global climate change,governments of Southeast Asian nations are working to keep the sugarcaneindustry competitive and meet consumers’ demand.
ASA ChairmanPramode Vidtayasuk said the event attracts 23 associations, businesses andunits from member countries.
Participantswill discuss issues regarding trade, market and product development policies,seek strategic solutions to the future of the regional sugar industry.
Founded in2016, ASA aims to foster strength of the sugar industry among member states,meet increasing sugar demand in the region.-VNA
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Harvesting sugar canes (Photo: VNA) 
