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Update news sugar export
Tariffs being cut to zero under the ASEAN Trade in Goods Agreement (ATIGA) from January 1 this year and the COVID-19 pandemic have made for a tough year for the sugar industry, heard an online seminar.
Vietnamese sugar refineries have been trying to export sugar as much as possible to avoid the direct confrontation with the smuggled imports from Thailand. Meanwhile, Vietnam plans to import 700,000 tons of sugar this year.
VietNamNet Bridge – Vietnamese consumers have to pay VND4 trillion more every year for the gap between the domestic and the international sugar prices.