Sugar Industry

OVERVIEW OF SUGAR INDUSTRY IN VIETNAM| | October 2010| | | | SUGAR INDUSTRYProspect for 2010 and 2011. As wampumpeag price in 2010 saw a great increase, scratch companies are likely to surpass earnings projections of the year. Forecasts for 2011 remains pollyannaish for breadstuff industry as: * Demand exceeds put up by 30% will be a great oppotunity for companies those substantiate large and stable output volume. In the recent years, yearly domestic supply for sugar is around 1 trillion haemorrhoid while demand for sugar is from 1.4 to 1.5 million tons per year. Besides, sugar consumption per capita of Vietnamese is very low at only 16 kg per year comparing to cosmos avarage of 22 kg and Thailands of 38 kg. With income per capita is getting higher(prenominal) as well as F&B industry is growing at a high post of above 30% annually, demand is growing faster than supply is. * Sugar production for 2010/2011 crop forecasted equivalent to 2009/2010s. Area place to sugar pote of 2010/2011 crop estimated 273 g-force hectares, up slightly from the anterior crop. If sugarcane agricultural yeild is not changed, sugarcane output would legislate more than 10 million tons, which is equivalent to around 920 thousand tons of sugar. * Prospect for domestic sugar prices continue at high levels.

Average wholesale price of RE sugar is currently at about VND 16.5 million per ton. With the weather conditions is forecasted to be complicated, production is not enough to supply for consumption and the conception sugar prices are high, the price of sugar in the become months of 2010 and in 2011 will continue at high levels. sell RE sugar prices in 2011 forecasted at about 17 million per ton by experts in the industry.However, in the ample run, investors should be aware of some key points as below: * No feasible solution for shortage of sugarcane as cultivation land is narrowing and sugarcane agricultural allow is at low level. Recently, total sugarcane production can only satisfy 60% of demand for mills to... If you demand to get a full essay, order it on our website: Ordercustompaper.com

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