Exported bananas flooded the market and ended up on the sidewalks in Vietnam

After 2 years of big wins for banana growers, now there is a phenomenon of exported bananas having to be dumped on the sidewalk because China reduced purchases. In recent days, many places selling bananas on the sidewalk in large quantities for only 6,000 VND/kg have appeared in the Ho Chi Minh City market. In 2022 and 2023, this situation will almost not happen because bananas are exported very well. Small traders said the bananas were bought from gardeners in Dong Nai - an area specializing in banana cultivation for export. Most bananas sold are large and green and consumption is quite slow. Mr. Do Ngoc Chat, Director of Viet A Agrifood Co., Ltd. (HCMC) - specializing in official fruit export to China, said that at the same time last year, the price of bananas at the garden was more than 10,000 VND/kg, a very profitable profit. large, so this year the banana area increased sharply. In addition to Vietnam, banana production in Laos, Cambodia, and the Philippines also increased ...