The increase in areca prices brings good income to people in Vietnam

Published 2022년 8월 30일

Tridge summary

Areca prices in Son Tay district, Quang Ngai province, Vietnam, are high, leading to significant income for local farmers. The district, known as the 'land of thousands of areca', has over 600 households with an annual income of 100 million VND or more, some earning up to 1 billion VND. Areca cultivation covers over 1,022 hectares and is mainly for export, with 16 processing factories and around 120 employees. The district plans to expand areca cultivation to about 2,000 hectares by 2025.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to statistics of the Department of Agriculture and Rural Development of Son Tay district (Quang Ngai province), the price of areca is being purchased by traders from 45,000 to 48,000 VND/kg, this price is relatively high compared to the average of the years. The areca tree has really brought a good income for local people. Hundreds of households have income of 100 million VND/year or more. There are households earning from 500 million VND/year to more than 1 billion VND/year such as: Mr. Dinh Van Hanh, Dinh Van Min, Dinh Van Yen, Dinh Van Buong, Dinh Van Veo (Son Tinh commune, Son Tay district); Dinh Van Chut, Dinh Van Cham; Dinh Van Khon, Dinh Thi Pon, Dinh Van Dieu (Son Long commune); Dinh Van Ton, Dinh Van Trong, Dinh Van Do, Dinh Van Sau (Son Dung commune)… Son Tay district is known as the "land of thousands of areca" with an area of more than 1,022 hectares. Some communes have a large area such as Son Dung commune with an area of 324.98 hectares of areca, Son Long ...
Source: Sggp

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