Currently, Bien Hoa – Ninh Hoa Sugar Co., Ltd. (abbreviated as BHS-NH Company) – a member unit of Thanh Thanh ...
Currently, Bien Hoa – Ninh Hoa Sugar Co., Ltd. (abbreviated as BHS-NH Company) – a member unit of Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS, HOSE: SBT) has started investing for farmers in the 2023-2024 sugar planting and maintenance season (2024-2025 harvest). This season, the policies to support farmers' investment have practical changes, responding to the needs of farmers who want to expand the area, improve productivity and ensure profits for sugarcane producers. Specifically, BHS-NH is also investing in sugarcane irrigation and hydrating gels to adapt sugarcane to the dry conditions of Khanh Hoa and El Niño, which are expected to take place in 2024.
Attractive investment and support policies for sugarcane farmers
With the harvested sugarcane area, BHS-NH Area 23-24 currently has about 9,000 ha, mainly concentrated in Ninh Hoa City and M'Drăk District, Dak Lak Province.
In order to ensure a timely harvest season, address the official sugarcane quantity, and ensure good post-harvest sugarcane regeneration under El Niño conditions as expected next year, BHS-NH and farmers have also prepared to start the early harvest scheduled for December 2023.
The 23-24 crop year is taking place in a context where the sugar industry is experiencing many positive changes, world sugar prices are recovering and rising. Farmers will reap high yields on the "arid gravel" lands of the Ninh Hoa material region. With the supply policy, sugarcane prices will rise by 10 to 15 percent with a crop of 22 to 23 farmers eager to increase their profits.
In November and on the 12th of each year, this is the time when sugarcane farmers begin to enter the new sugarcane planting season. In order to encourage farmers, in the 23-24 crop year, BHS-NH launched many attractive investment policies, comprehensive support to farmers to ensure 2 important goals: to increase the area of raw material areas and to increase the productivity of sugarcane
To encourage sugarcane farmers to expand the scale of sugarcane plantation, the company also provides non-reimbursable support of VND3-4 million/ha for reclaimed area or conversion of crops to sugarcane. For sugarcane on hills and rocky terrains, it is difficult to apply conventional mechanization Company Supports Sugarcane Cultivation Method for Digging Trenches
Invest in microbial organic fertilizers to improve soils and increase fertility
In addition, BHS-NH continues to encourage support for sugarcane farmers in the winter and spring harvest before the 2024 Lunar New Year of VND1.0 million/ha.
Invest in Sugarcane Probiotic and Pesticide Spray
BHS-NH also has policies to reduce investment interest rates on sugarcane planting and maintenance for large VIP, Gold...
Along with this, BHS-NH also continues to implement infrastructure investment policies such as irrigation system, electricity system, field improvement, digging/dredging of water reservoirs, drilling of new wells... with an investment standard of VND5-10 million/ha. For farmers who want to buy mechanized agricultural machinery, transport vehicles and sugarcane bending machines
Promoting sustainable agriculture
In addition to BHS-NH's larger investment programs compared to previous years, sugarcane producers also benefit from the support of the state's policy to prevent smuggling across the border to ensure fair competition with imported sugar. This contributes to domestic sugar prices and raw sugar cane prices tending to rise, strengthening the confidence of sugarcane farmers in the current and future development phase of sugarcane.
Via Bao Khanh Hoa