The country’s trade ministry said that Vietnam has imposed an anti-dumping and anti-circumvention levy on Thai sugar imported via 5 ASEAN nations.
The Vietnam Sugar and Sugarcane Association (VSSA) reports that the volume of sugar exported to Vietnam from Laos has increased sixty-fold since the country imposed an anti-dumping tax on Thai sugar in 2021.
During this year’s campaign the country’s Phnom Penh Sugar Co (PPSC), boasting a modern sugar factory amidst the cane plantation in its southwestern provinces (Kampong Speu, Koh Kong), produced 102,000 tonnes sugar, according to Khmer times.
Cambodia – Australia’s ANZ bank compensates families displaced during land grab for a sugar project [Full subscriber]
In a landmark settlement, Australia’s ANZ Bank has agreed to compensate hundreds of families forcibly evicted by a Cambodian sugar company to which it loaned AU$40 million (US$26 million) in 2011.
The Chinese firm Rui Feng and four linked firms (Lan Feng, Heng You, Heng Rui, and Heng Nong) have, at least until further notice, shut down their operations in the combined 40,000-hectare sugarcane plantation in northern Cambodia, with little public notice of the closure, according to local press reports.
New US$360 million mil which opened in April with a capacity to process 20,000 tonnes of sugarcane per day, recently ground to halt due to cane shortage, according to provincial Agriculture Ministry official speaking to local press.
“The expected sale size is between 10 and 15 units per year, but I think we will sell about 15 units this year,” said Mike Quin, manager of RMA’s infrastructure division, speaking to the local press.
The factory which took two years to build is owned by the investor the Chinese agro firm Rui Feng (Cambodia) International Company. The project has created more than 7,000 jobs.
Industry Minister Cham Prasidh was quoted as saying that the Chinese-owned factory will be able to produce about 1,000 tons of sugar per day.
The company also has a stake in three others in the region: Angkor Sugar, Tonle Sugar Cane, and Cane and Sugar Valley. As a major supplier to Coca-Cola Co., Mitr Phol’s decision to abandon its concessions followed an audit in 2013 as part of the USA beverage giant’s “zero tolerance” stand on land appropriation.