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Vietnam's Sugar Industry Hit Hard by Smuggled Imports and Weak Prices - Chinimandi
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Hanoi: At the 2024/2025 sugarcane crop annual review conference recently held by the Vietnam Sugar and Sugarcane Association (VSSA), President Nguyen Van Loc warned that the sector is facing “life-or-death” challenges. Chief among them is the flood of low-priced, smuggled sugar into the local market, which is seriously disrupting the local balance and pushing stocks to record highs. Smuggled sugar is causing huge losses to the local sugar indust…
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