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Quota for sugar imports cut down

In Uncategorized on January 12, 2011 at 7:06 am

Quota for sugar imports cut down

QĐND – Saturday, January 08, 2011, 20:36 (GMT+7)

The Ministry of Trade and Industry has recently decided the quota for sugar imports in 2011 in Circular 45/2010/TT-BCT.

Under the circular, Vietnam will import 250,000 tons of sugar in aggregate in 2011, down 50,000 tons from 2010.

The circular states that domestic businesses will be allowed to import 150,000 tons of fine sugar and 100,000 tons of crude sugar as materials for domestic sugar processing in the year.

The quota will then be distributed to importers, including both businesses and traders.

According to estimates from the Ministry of Agriculture and Rural Development, the total 2010-2011 sugar production would reach 1 million tons and the market should need another 250,000 tons.

Alongside the sugar import quota, the Ministry of Trade and Industry also defined the quota for salt imports.

Accordingly, the permitted total salt imports in 2011 will be 100,000 tons, including salt for cooking and industrial purposes.

Source: Vneconomy

Translated by Thu Nguyen   

Source: QDND

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