VN exports molasses to drought-affected areas

VIETNAM’S Thanh Thanh Cong One-Member Company Limited plans to ship 1,000 tonnes of molasses to Australia’s Queensland this month, which is dealing with an ongoing drought. The corporation’s public relations head Huynh Phuong Trang said the molasses would be used as cattle feed supplement. Trang did not disclose the value, but according to Peter Anderson, Central Queensland’s elected representative for Agforcem, buyers paid $310 a tonne at Brisbane Port and then another $130 a tonne to freight it up to Clermont. This is the first time Vietnam has exported molasses to Australia.