Vietnam: Rushing to plant poor man's ginseng, but the price plummeted and farmers were affected

Published 2021년 7월 8일

Tridge summary

The price of cloves, also known as Panax ginseng, has significantly dropped, impacting farmers who have switched from growing citrus fruits to this crop. The fall in price is due to the COVID-19 pandemic's effect on exports to Korea and China, the primary markets. The decrease in price and the sudden drop in profit have led to difficulties for many farmers. To address these issues, Truc Thang commune is considering reviewing its planning and supervision of clove cultivation, with a focus on adhering to the supply-demand law and finding new consumption markets in collaboration with provincial agencies.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It used to be likened to a "poor man's ginseng" by the people, but recently, the price of cloves has plummeted, greatly affecting the lives of growers. Following the small concrete road, green on both sides of the leaves, we found Mr. Nguyen Van Tho's house in hamlet 3. As one of the first people in the commune to bring clover to plant, Mr. Tho confided: On an area of 1ha of land for growing oranges and lemons, the efficiency was not high, so he switched to planting cloves. Dandelion is a fairly easy plant to grow. Tho has carefully studied how to plant and care for trees, so he did not encounter many obstacles, the tree grew well, and was highly appreciated by buyers. In the first three years of planting cloves, Mr. Tho earned hundreds of millions of dong in profit. However, in the past few years, the price of cloves has been falling. If before, the price of whole roots, stems and leaves was about 30-40 thousand VND/kg, sometimes up to 50,000 VND/kg, now it is only 1/3 to 1/4 of ...
Source: Danviet

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