Sugar Mills Operating at Full Capacity to Capitalize on High Sugar Prices

Global sugar prices have risen in early 2025 due to a supply shortage, creating favorable sales opportunities for the Vietnamese sugar industry. Most sugar mills started production early to capitalize on high sugar prices. According to the Vietnam Sugarcane and Sugar Association (VSSA), all 24 Vietnamese sugar mills were operational by January 2025 and are currently operating at full capacity. Son La Sugar Joint Stock Company in the Northwest region started production before the Lunar New Year holiday ended. The company's RS sugar production line is operating at its maximum capacity of 5,200 tons of sugarcane per day. Nghe An province, one of Vietnam's largest sugar processing centers, has seen its sugarcane area reach its highest level in over 10 years. Increased sugar prices have allowed mills to offer better prices to farmers, encouraging sugarcane cultivation. NASU Nghe An Company guarantees to purchase all sugarcane from farmers at a price of 1.2 million to 1.22 million VND per ton. In the South Central region, Phu Yen province's sugarcane farmers are experiencing high yields and favorable purchase prices. The province's two sugar mills have partnered to guarantee the purchase of sugarcane, ensuring farmer confidence and investment in sugarcane cultivation.