Mills produce 1m tonnes of sugar in first four months

Sugar mills nationwide churned out 1.12 million tonnes of sugar in the first four months of this year, up 78,700 tonnes against the same period last year, according to the Ministry of Agriculture and Rural Development.

Sugar producers are expected to add another 195,000 tonnes from the 2011-12 crop, and sugar storage as of mid-April was 355,000 tonnes. Sugar import volume is estimated at 70,000 tonnes.

The ministry reports that with such resources and inventory, the supply is enough to meet demand at the local market.

Sugar prices hover around VND900,000-1.1 million (US$42.86-52.38) per tonne

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