The price of desiccated coconut in Tra Vinh, Vietnam continues to fall sharply

According to Mr. Huynh Khac Nhu, General Director of Tra Bac Joint Stock Company (TRABACO) specializing in the production of activated carbon from coconut shell charcoal and export coconut products, the reason for the sharp drop in the price of desiccated coconut was due to many months through products of coconut fiber mats, only coir, frozen coconut milk, coconut milk, etc., are restricted in export markets. Among them, China cannot export to the large market because this country implements a policy of tightening export market management for the reason of controlling the COVID-19 epidemic. Besides, some coconut exporting countries in the region and around the world have competition to lower prices to attract customers. Mr. Ngo Van Thinh, My Cam commune, Cang Long district has 1 hectare of coconut orchards for the average harvest of 1,000 fruits/month. According to Mr. Thinh, with the current coconut price, he only has an income of about 20 million VND/month, a decrease of 40 ...