date:Sep 16, 2013
Le Thanh Son, a farmer in Tan Phuoc Hung Commune in Phung Hiep District in Hau Giang Province, said he has harvested 13 tons in one thousand square meters and traders have bought at VND800 per kilogram from his fields.
He has so far made no profit from this years crop.
Heavy overheads including payment for sugarcane seed, fertilizer, pesticide, labor, have all reduced his profits.
Overheads will shoot up even further if farmers harvest the crop in flood season as rate for cutting and loadi