Vietnam to impose anti-dumping duties on Thai sugarcane products

The duties will be imposed on the Mitr Phol Sugar group, Asia's largest sugar and bioenergy manufacturer, along with four affiliated companies and Czamikow Group Limited.

The Thai Roong Ruang Industry group, Thailand's second-largest sugar manufacturer, along with its five affiliated companies, will also see duties imposed, according to the Ministry of Industry and Trade.

The lowest rate of anti-dumping duties will be 25.73% and the highest at 32.75%. The highest rate of countervailing duties will be 4.65%.

In June 2021, Vietnam officially began to impose anti-dumping and countervailing duties on sugarcane imported from Thailand. At the time, the rate was 47.64%. In August 2022, the ministry decided to keep this rate.

Investigations revealed that Thailand's sugarcane products entering the Vietnamese market have caused great damage to local production, resulting in 3,300 people losing their jobs and 93,225 farmer's families affected, authorities have said.