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Update news vietnam's sugar market
As per Decision No 2226, the allocation of import tariff quotas for sugar (HS code 17.01) this year, totaling 126,000 tonnes, will be conducted through auctions carried out in September.
One-hundred and seven thousand tonnes of sugar were assigned to eight traders.
The Ministry of Industry and Trade (MoIT) is set to officially impose anti-dumping and anti-subsidy duties on a number of cane sugar products originating from Thailand as from August 18.
Domestic sugar producers have been facing mounting pressure in competition with imported sugar in recent years.