Nghe An Sugarcane Company Limited (NASU) purchases sugarcane at 1.17 million VND/ton

Nghe An Sugarcane Company Limited (NASU) said that the unit will start the 2023-2024 crushing season at 8:00 a.m. on December 7, 2023 and commit to purchasing all contracted sugarcane. Accordingly, the price of sugarcane purchased by NASU's factory at the beginning of the season is 1.17 million VND/ton at the field.

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 6 to 7:00 a.m. on December 10) is 1.12 million VND/ton; the middle of the season (imported from 7:00 a.m. on December 10 onwards) is 1.15 million VND/ton and the end of the season (time will be announced later) is 1.17 million VND/ton. This price is slightly higher than the previous crop and is at a high level compared to many recent years.

At the same time, the company stipulates: If farmers comply with the contract to sell all sugarcane to NASU Company, they will be rewarded with an increase in sugarcane price of 50,000 VND/ton, paid in one lump sum right after the 2023-2024 crushing season ends.

This is a practical support measure for the people, at the same time strengthening discipline when implementing contracts. The above basic sugarcane price does not include: Support for interest-free or low-interest loans, support for agricultural extension, 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.

In addition, NASU will increase the price for sugarcane shipments with high sugar content and adjust the price for sugarcane shipments with low sugar content supplied to the factory. Specifically, the price will be increased for sugarcane supplied with sugar content greater than 0.5 CCS compared to the average sugar content of 5 days. Each CCS is 60,000 VND.

The deduction 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 at the sugarcane field. The company will consider adjusting the price of sugarcane up or down if there is a significant increase or decrease in the price of sugar in the market after considering the reasonable profit level of farmers and the company.

Currently, the total sugarcane area in Quy Hop district is 5,200 hectares, of which 750 hectares are newly planted and replanted. Nghe An Sugarcane Company Limited and sugarcane growers are focusing on intensive investment to increase productivity, striving to reach over 66 tons/hectare for an output of 345,219 tons.

It is known that from the beginning of 2023 until now, Nghe An Sugarcane Company Limited has supported 191 hours of grading machine, equivalent to more than 51 million VND to repair 21.3 km of raw material transportation road.