In Australia, molasses are used as a feed supplement that farmers rely on to sustain their livestock during dry periods.
Due to a local shortage, Australia has had to turn internationally for supply.
Last year, TTC Trading exported 750 tonnes of molasses to Australia.
Molasses is a by-product of the sugar industry, the final product after sugarcane is refined into sugar.
In general, 100 tonnes of sugarcane will yield 10-11 tonnes of sugar and 3-4 tonnes of molasses.
The exports of molasses to Australia marked a successful first step in its roadmap to export by-products and after-sugar products to international markets, the company said./
VNA/VNP
