China suddenly stopped purchasing fresh areca nuts from Vietnam; prices plummeted by 50% in just a few days

“The peak, last week, my areca garden sold for 105 thousand VND/kg, the highest price ever. Now they only weigh 52 thousand VND/kg, the price has collapsed so quickly, I don’t know which way to go”. That is what Ms. Pham Thi Tram, residing in Krong Nang (Dak Lak) shared about the price of fresh areca suddenly skyrocketing to the highest level ever and then falling rapidly. According to Ms. Tram, her family has grown about 500-600 areca trees for 6-9 years interspersed with coffee and durian plantations, not specializing in growing areca trees on the land. However, this year, the price of areca has continuously increased, traders have searched everywhere to buy them directly from the garden at prices up to 105 thousand VND/kg. “At first, the price was only 50-60 thousand VND/kg, then gradually increased to 80-90 thousand VND/kg. The highest price I sell is 105 thousand VND/kg, they pick it themselves, I just sit and watch the scale calculate the money. I don't understand why the ...