Specifically, the price of sugar 11 increased by nearly 1% and the price of white sugar increased by 0.47% compared to the reference.

In the domestic market, due to the influence of world sugar prices, the current domestic sugar price is approximately VND28,000 per kg. Sugar for production also increased sharply to VND22,000 - VND23,000 per kg.

The Ministry of Industry and Trade will coordinate with the Ministry of Agriculture and Rural Development, the Ministry of Finance and relevant ministries and branches to agree on the time to organize the sugar import tariff quota allocation session in 2023 by auction method, publicly announced for relevant associations, businesses, agencies and organizations.