A sugar storage facility. Illustrative photo (Photo: VNA)Hanoi (VNA) – The Vietnam Sugarcane and Sugar Association (VSSA) hassubmitted a plan to relevant agencies for the establishment of a fund for sugarindustry development.
The association said the fund is aimed at restructuring the sugar sector toincrease its effectiveness and sustainable development.
According to the agriculture restructuring plan approved by the Government,sugarcane-growing area would be some 300,000ha, producing two million tonnes ofsugar by 2020 and 2.6 million tonnes of sugar by 2030.
The sector is required to implement synchronous solutions from materialproduction to sugar products to reach the set targets. It must renewtechnologies to increase average sugarcane productivity to more than 70 tonnesper hectare and sugar productivity to seven tonnes per hectare, and reduceproduction costs to less than 500,000 VND (22 USD) per tonne of sugarcane.
These would help sugarcane farmers earn some 40 million VND per hectare andbring the sugar price to less than 10,500 VND per kilo.
Plants will have to restructure their sugar products by reducing raw sugar andincreasing refined products as well as promoting investment in alcohol, ethanoland micro-life fertilisers.
Ha Huu Phai, head of the VSSA’s representative office in Hanoi, said therestructuring would need significant capital of hundreds of billions of dong,which would be supported by voluntary contributions of sugar farmers, plantsand initial help from the Government. Therefore, the fund, which has also beenimplemented in Thailand and the Philippines, could resolve the capital issue,he said.
This is not the only sector proposing to establish a fund to supportdevelopment. Earlier, associations proposed the establishment of fundsfor tra catfish and coffee development.-VNA
The association said the fund is aimed at restructuring the sugar sector toincrease its effectiveness and sustainable development.
According to the agriculture restructuring plan approved by the Government,sugarcane-growing area would be some 300,000ha, producing two million tonnes ofsugar by 2020 and 2.6 million tonnes of sugar by 2030.
The sector is required to implement synchronous solutions from materialproduction to sugar products to reach the set targets. It must renewtechnologies to increase average sugarcane productivity to more than 70 tonnesper hectare and sugar productivity to seven tonnes per hectare, and reduceproduction costs to less than 500,000 VND (22 USD) per tonne of sugarcane.
These would help sugarcane farmers earn some 40 million VND per hectare andbring the sugar price to less than 10,500 VND per kilo.
Plants will have to restructure their sugar products by reducing raw sugar andincreasing refined products as well as promoting investment in alcohol, ethanoland micro-life fertilisers.
Ha Huu Phai, head of the VSSA’s representative office in Hanoi, said therestructuring would need significant capital of hundreds of billions of dong,which would be supported by voluntary contributions of sugar farmers, plantsand initial help from the Government. Therefore, the fund, which has also beenimplemented in Thailand and the Philippines, could resolve the capital issue,he said.
This is not the only sector proposing to establish a fund to supportdevelopment. Earlier, associations proposed the establishment of fundsfor tra catfish and coffee development.-VNA
VNA
