Nghe An Sugarcane Company Limited (NASU) buys sugarcane at 1,120,000 VND/ton

A representative of Nghe An Sugarcane Company Limited (NASU) said that the unit will start the 2022-2023 crushing season at 7:00 a.m. on December 9, 2022 and is committed to purchasing all contracted sugarcane.

Sugarcane is well cared for to ensure productivity. Photo: QA

The company announced that the basic price of sugarcane at the field at the beginning of the season (imported from 3:00 p.m. on December 8 to 7:00 a.m. on December 12) is 1,120,000 VND/ton; Mid-season (imported from 7:00 a.m. on December 12 onwards) is 1,100,000 VND/ton; End-of-season (time will be announced later) is 1,120,000 VND/ton, this price has increased slightly compared to the previous crop and is at a high level compared to many recent years.

At the same time, if farmers comply with the contract to sell all sugarcane to NASU Company, they will be rewarded with an increase in sugarcane price of VND 50,000/ton at any harvest time. This is a practical support measure for the people, while also strengthening discipline when implementing contracts.

Bonus for farmers who comply with the contract and sell all sugarcane to NASU will be paid in one lump sum right after the 2022 - 2023 crushing season ends.

The above basic sugarcane price does not include: Support for interest-free or low-interest loans, agricultural extension support, support for building roads to transport sugarcane, support for reducing impurities in machine-harvested sugarcane... and price increase due to the supply of sugarcane with high sugar content.

Besides,NASUwill increase prices for sugarcane shipments with high sugar content and adjust prices down for sugarcane shipments with low sugar content supplied to the factory.

Specifically, the price increase for sugarcane supplied with a sugar content greater than 0.5 CCS compared to the average sugar content of 5 days. Each CCS is 60,000 VND or 6,000 VND/0.1 CCS. At any time, sugarcane supplied with more than 10 CCS has the opportunity to increase the price.

Price adjustment for cane supplied with sugar content less than 0.5 CCS compared to the average sugar content of 5 days. Each CCS is VND 30,000 or VND 3,000/0.1 CCS. At any time, cane supplied with more than 9.0 CCS will not be subject to price adjustment.

The removal of impurities in sugarcane is applied based on the actual impurities when importing sugarcane and is automatically checked by the sugarcane quality analysis system combined with direct inspection in the sugarcane field or at the turning chamber when necessary for machine-harvested sugarcane.

The Company will consider adjusting the sugarcane price up or down if there is a significant increase or decrease in sugar prices in the market after taking into account the reasonable profit level of farmers and the Company.