Vietnam: The price of areca is high because China collects it, why does Hoa Binh province have to issue a document to warn people not to plant a lot?

Published 2021년 11월 21일

Tridge summary

The price of fresh areca in Vietnam has surged to 70,000 - 80,000 VND/kg or even 100,000 VND/kg due to increased demand from China for areca confectionery and a decrease in areca production caused by storms in 2020. This has led to a surge in interest in areca cultivation, but local authorities are warning against mass planting of the crop, which they consider risky due to its unpredictable price fluctuations and potential negative effects on soil. The Department of Agriculture and Rural Development of Hoa Binh province has issued a directive advising against the expansion of areca plantations and warning that unauthorized changes to plant structures will be punished.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

When the areca harvest season begins in 2021, the price of fresh areca is only about 50,000 - 60,000 VND/kg, because the Chinese market accelerates collection to make areca confectionery, plus this year's output of areca has decreased sharply, so the price of areca above The market increased tremendously, up to 70,000 - 80,000 VND/kg, sometimes even up to 100,000 VND/kg. In a village of areca growing in Thanh Chuong (Nghe An), the price of fresh areca has increased, so people are excited to come out and stimulate people to plant new areas of areca. A facility specializing in areca nursery in Thanh Chuong district said, currently, the price of areca varieties is up to 35,000 - 50,000 VND / tree depending on the size of the tree. The owner of this establishment said that from the beginning of 2021 until now, he has sold 600 trees to people around the area, but the number of people ordering is still very large. According to the people who grow areca, areca is an inexpensive plant ...
Source: Danviet

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