Vietnam: The price of Thai jackfruit for export has fallen dramatically on 31/5

Published 2022년 5월 31일

Tridge summary

Thai jackfruit prices in the Mekong Delta of Vietnam have dropped significantly in May, causing growers to face heavy losses and temporarily cease fertilization. The price drop has led to a decrease in cultivation, with some growers stopping work in anticipation of better market conditions. In response, processing facilities in Tien Giang province have started exporting dried jackfruit, offering a way to consume the surplus and provide a better price for farmers. Despite the price drop, the purchase prices for fresh jackfruit remain low, with no changes from the previous day. The article provides a detailed account of the jackfruit buying and selling prices from various localities and markets in the Mekong Delta, highlighting the challenges faced by growers and the efforts to mitigate losses through processing for export.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Tran Van Be Ba in Vi Dong commune, Vi Thuy district, Hau Giang province said that in May, the price of Thai jackfruit dropped sharply, if calculated on average, it is now only from 2,000 to 3,000 VND/kg. "At this price, Thai jackfruit growers suffer heavy losses of 5,000-7,000 VND/kg (the cost to get 1 kg of Thai jackfruit is from 6,000 - 10,000 VND/kg depending on the garden)" - Mr. Be Ba said. According to Mr. Be Ba, his nearly 5,000 m2 Thai jackfruit garden is 4 years old. Because the price of Thai jackfruit dropped sharply, he temporarily stopped fertilizing and waited until the trading situation was favorable again before he dared to invest. According to Mr. Be Ba, not only his jackfruit garden, many local Thai jackfruit gardens are also temporarily "neglected" and "waiting for time". Because, if you don't do that and continue to invest, you may lose even more. Facing the situation that the export price of Thai jackfruit has dropped dramatically in recent times, some ...

Source: Danviet