vn export sugar russia 12av2
| 200,000 tons of
raw sugar to be shipped to Russia (VET- 21/8/2001)- Truong Quoc Huy, a senior official with the Ministry of Agriculture and Rural Development (MARD) disclosed that Vietnam Sugar Corp under the Ministry was drafting a plan to ship 200,000 tons of raw sugar to the Far East of Russia in the 2001-2002 crop, following a visit by a Russian trade mission to his ministry in July . Russia is said to seek new stable sugar suppliers due to market changes in the Far East region. In April 2000, the delegation failed to persuade Vietnam to export 100,000 tons of raw sugar because Russia suggested a lower market price of US$278 per ton at that time and wanted to exchange sugar for official debts. In addition, Vietnamese businesses would find it hard to collect payments if they had no guarantee from both governments. |