Tuesday, November 20, 2018 1:16:17 AM - Markets open
VN-INDEX 916.06 +17.87/+1.99%
HNX-INDEX 103.95 +0.93/+0.91%
UPCOM-INDEX 52.40 +0.38/+0.74%
Vietnam to keep sugarcane area at 300,000ha by 2030
VietnamPlus - 4/23/2018 2:09:47 PM
 (0 ratings. You must sign in to rate.)
Vietnam will keep its sugarcane growing area stable at 300,000 hectares until 2030 in parallel with increasing sugar output and quality, according to a plan on the sugar industry’s development until 2020 with a vision to 2030.
The plan, recently approved by the Ministry of Agriculture and Rural Development (MARD), aims to promote the industry’s competitiveness and sustainable development while meeting domestic consumption demand and gradually moving towards export.
Accordingly, from now to 2020, the country will ensure sugarcane production at more than 20 million tonnes and sugar output at 2 million tonnes, including 1.3 million tonnes of refined sugar.
During this period, it will not build new sugar factories but only increase the capacity of existing plants in the areas able to further develop sugarcane farming. Total designed capacity of factories will be at 174,000 tonnes of sugarcane each day. The sector is set to invest resources in reforming equipment and technology to increase the rates of white and refined sugar.
The MARD targets that by 2020, at least 70 percent of factories and factory clusters will be able to process over 4,000 tonnes of sugarcane per day. About 5.5 million tonnes or 90 percent of bagasse will be used to produce 1.1 million kWh of electricity every year.
By 2030, sugarcane and sugar output will be respectively increased to 24 million tonnes and 2.5 million tonnes, and more than 90 percent of factories will process at least 4,000 tonnes of sugarcane each day. The industry is expected to recycle 7 million tonnes or 91 percent of bagasse annually to produce 1.5 – 1.6 billion kWh of electricity.
Under the plan, the agricultural sector will move factories from the areas unable to ensure material supply to more favourable regions. It will align the product structure with international standards and assist plants to diversify sugar products.
While the Vietnam Sugarcane and Sugar Association will have to improve its role in controlling sugar materials, wholesale, retail and export prices, activities will be stepped up to prevent sugar smuggling and update the industry on the global sugar market.
The agricultural sector will also work to develop good sugarcane varieties and boost farming mechanisation.-VNA
Read original article here
Newer News
29/06 Agro-forestry-fishery posts highest GDP growth in decade
18/06 Fertiliser stocks shoot up due to VAT change
15/06 Rubber businesses need sustainable development strategies: workshop
03/05 HCM City’s industrial production stalls in four months
Older News
20/04 Central provinces target 2.5 million tonnes of rice in upcoming crops
22/03 Rubber prices fall, firms fret
15/03 Vietnamese fruit and veg entering strict markets
26/02 Made-in-Vietnam varieties cover 59 percent of rice fields
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 3:09:16 PM
VN-INDEX 916.06 +17.87/+1.99%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.