The market is open, areca nut is exported abroad again, Vietnam's Nghe An areca farmers are happy about this

At the end of 2022, the price of areca nut dropped dramatically when it was only 3,000 - 4,000 VND / 1 kg, causing areca growers in Nghe An province to lose revenue. From the beginning of February 2023, China started to buy areca again, the price of areca nut has increased 3-4 times compared to the time at the "bottom". Mr. Vi Van Hai, who specializes in collecting areca nut from people in Nghe An to import to the North, said: When the price of areca nut is cheap, the northern hubs also stopped buying so the people's areca do not. have a place of consumption. After Tet, traders have bought back with prices 3-4 times higher. Currently, traders are buying areca nut in Nghe An, mainly young areca at the price of 8,000-12,000 VND/kg. According to Mr. Hai, the price of areca nut fluctuates up and down because the output of areca fruit depends entirely on the Chinese market. The kiln owners buy areca by chamber, cut the fruit, sort, boil and dry it and then re-import it for other ...