Consumption of agricultural products in the Northern provinces of Vietnam is difficult

Published 2021년 8월 31일

Tridge summary

The Ministry of Agriculture and Rural Development's Working Group has reported significant issues in the agricultural sector, particularly in Lao Cai and Lai Chau, due to China's suspension of imports. This has led to surplus stocks of bananas, dried tea, and aquatic products, and a decrease in the selling price of green vegetables, processed tea, and live pigs. The sector also faces challenges in domestic consumption and increased production costs. The Working Group has recommended negotiations with China, measures to reduce logistics costs, promotion of domestic consumption, and solutions to transportation congestion.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This is one of the information in the report of the Working Group (group 3430) of the Ministry of Agriculture and Rural Development issued on August 30. Specifically, in Lao Cai, the selling price of green vegetables decreased by about 1,000-2,000 VND per kilogram and consumed more slowly than every year. From now until the end of the year, it is expected to harvest about 17,500 tons, focusing on September-November, but now China has stopped importing, so it is difficult to consume. In September, about 2,000 tons of post-harvest bananas will have to find the domestic market to sell. Similarly in Lai Chau, due to China's temporary suspension of imports, there is a backlog of about 3,000 tons of bananas and an additional harvest of 4,000 tons is expected next month. Dried tea also has an inventory of about 2,400 tons, causing many difficulties for tea production and processing enterprises. Consumption of high-quality aquatic products such as sturgeon, salmon, catfish, and trout is ...
Source: VNExpress

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.