Vietnam: Sugar producers say Thai companies dumping sugar in the country

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The sugar producers in Vietnam have alleged that the Thai companies are dumping sugar in the country which is affecting them. Nguyen Van Loc, general secretary of the Vietnam Sugarcane and Sugar Association, said, “The average export price of Thai raw and refined sugar is $334 per ton whereas the cost of sugarcane production is $410 per ton.”

Loc said, “The Thai government has announced a package of $325 million to the sugarcane farmers that are hit by drought. Brazil has complained to the World Trade Organization that Thailand had given support to cane growers that was inconsistent with international trade agreements.”

“The influx of cheap Thai sugar is hurting Vietnamese companies and farmers”, he further added.

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