Entrepreneurs call for ban on re-export of sugar

Writer: 
Yin Myo Thwel

In a bid to boost the sown acreage of sugarcane plants, the government needs to put a time-limited ban on the re-export of sugar, said Win Htay, chair of Myanmar Sugar and Sugarcane Product Entrepreneurs Association (Mandalay).

“The country imported million tonnes of sugar after the government gave the nod for re-export of sugar. As a result, farmers and sugar mills were in trouble due to China’s crackdown on contraband,” he said.

“The government should not allow the re-export of sugar as it is the harvest season and sugar mills are in operation. The authority should ban sugar re-export to a certain degree as the nod for sugar re-export may hamper sugarcane growing and sugar production.

“During the harvest season, the stability of sugar price is crucial for famers. A ban on sugar re-export should be placed to ensure that sugar price remains stable.

“Sugar mills are producing sugar only. They are not in a position to produce electricity and ethanol. Farmers will no longer grow sugar plants when the sugar price has declined. The crucial point in the whole process is the sugar price,” he added.

The sugar price has gone up due to a temporary ban on sugar re-export since September 22 of this fiscal year. At the same time, the price for sugarcane plants has increased. Currently, sugar prices amounts to around K1300 per viss while the sugarcane price per tonne ranges between K45,000 and K53,000.

Translated  by Myo Than