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Sugar prices fall
News update regarding the drop in sugar prices.
With sugar prices falling by 3,000 VND/kg, the sugar industry faces the risk of supply chain disruption.
The Vietnamese sugar cane supply chain is under significant pressure as sugar prices have fallen 16% year-on-year, businesses are burdened with financial debt, and sugar smuggling is becoming increasingly complex.
Market
Sugar prices fell for the fourth consecutive session, while soybeans hit a five-day low.
Abundant sugar supplies from Brazil, India, and Thailand are putting significant pressure on prices, while demand from China is weakening. Soybean prices are also falling due to low demand.
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