Vietnam is expected to sell some 400,000 tons of sugar to China in 2014 to help remove inventory, said Vietnam’s Ministry of Industry and Trade (MoIT) on Monday. According to the MoIT, so far in 2014, some 200,000 tons of sugar has already been licensed to export to China. After finishing the deal, the ministry will continue to give licenses to the other 200,000 tons of sugar…Full Article: The Global Times Mar 2014

Key point

  • Northern Vietnam is currently selling sugar for US$0.60 per kg, while the central and southern parts of country are selling it at US$0.61 per kg owing to slightly higher demand

ChinaAg Comments

  • Chinese sugar imports have been in a resurgence since 2008 when they hit a low of less than 1 million MTs and were valued of US$388 million. In 2009, sugar imports rose to 1.2 million MTs and to 1.9 million MTs by 2010. Values rose in conjunction with volumes, topping US$1 billion in 2010.
  • Brazil has emerged has China’s top supplier of raw sugar, surpassing Cuba in 2010. South Korea remains the top supplier of refined sugar, although Brazil and Thailand have emerged as solid secondary suppliers.

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