China buys cheap areca nuts to make candy, then sends them back to Vietnamese markets to sell for 3.3 million/kg

Published 2024년 10월 22일

Tridge summary

The article explores the volatile market for areca nuts in Vietnam, largely influenced by Chinese demand, which causes fluctuating prices. While Vietnamese farmers face economic challenges due to this instability and reliance on Chinese buyers, areca candy made from these nuts is sold at high prices domestically. The candy, imported by sellers like Mr. Quang, is particularly popular from September to February, as it is believed to help keep people warm during colder months, but it struggles to sell in warmer seasons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

For many years, China has been buying areca nuts from Vietnamese farmers at cheap prices, sometimes even at times for only a few thousand VND per kilogram. This fruit is produced into areca candy, sold at Vietnamese markets for 3.3 million VND/kg. These days, areca nuts are as expensive as gold, areca nuts have reached record prices, areca nuts have plummeted, etc., becoming "hot" keywords, because China has been increasing purchases to use as raw materials for production, then stopped "buying goods". In our country, areca nuts are quite familiar to people. However, the market for this fruit is quite narrow. Because they are only used in weddings, betel chewing customs, and are the fruit bought to burn incense during Tet holidays. Therefore, in addition to a small amount consumed in the domestic market, a large amount of areca nuts are exported. Some provinces in our country such as Quang Nam, Quang Ngai, Thanh Hoa... have quite large areca nut growing areas for export. The main ...

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