China reduced purchases of areca nut from Vietnam; the price fell to one-third after 10 days

Ms. Nguyen Thi Ba, in Nghia Trung commune, Tu Nghia district, grows 500 areca trees, each tree produces 4-5 batches of fruit, each batch has a bunch of 5-6 kg. Since June, Ms. Ba has been continuously selling areca nuts at prices ranging from 40,000 VND per kg to 85,000 VND - the peak price in late September and early October. Three days ago, she was still selling them at 40,000 VND but yesterday it was only 25,000 VND. "Areca prices have decreased but fortunately we have sold 3-4 batches of fruit when the price was high," Ms. Ba said, adding that at the current price, areca farmers have made a profit. However, she was also surprised when areca prices dropped faster than in previous years. Similarly, in Nghia Hanh and Son Tinh districts, the price of areca nuts bought at the garden yesterday fluctuated around 20,000-30,000 VND per kg. Areca nuts in these localities are often purchased in small quantities by traders who come to the gardens and then transport them to drying kilns, ...