The price of dried coconut dropped sharply, the export market slowed down

Published 2024년 6월 5일

Tridge summary

The article reports a significant decrease in the price of both fresh and dried coconuts in several provinces of Vietnam, including Vinh Long, Tra Vinh, Soc Trang, and Hau Giang, due to a slowdown in the export market and increased shipping costs. The Director of Van Hung Cooperative, a major purchaser of coconuts for export, has noted a decrease in export orders, attributing it to these factors. In response, the Department of Agriculture and Rural Development of Tra Vinh province is encouraging businesses to invest in deep processing technology and consumer markets, with the aim of adding value to coconut products and supporting local farmers. Tra Vinh province, a major coconut cultivation area with over 90,000 households and more than 7 million trees, is focusing on developing organic coconut material areas to meet international standards.

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

Original content

On June 5, according to information from some gardeners in the provinces of Vinh Long, Tra Vinh, Soc Trang, Hau Giang, the current price of dried coconut purchased by traders is 60,000 VND/1 dozen (12 fruits). reduced by 30,000 VND per dozen compared to last month. Meanwhile, the price of fresh coconut ranges from 100,000 - 120,000 VND/1 dozen, down 10,000 VND/dozen. Mr. Ngo Huu Su, Director of Van Hung Cooperative (specializing in purchasing coconuts for export in Tra Vinh) said that each month, the cooperative provides partners with 300 - 400 tons of coconut for export, but currently orders are decreasing. The main reason is due to the export market slowing down and shipping costs increasing. Faced with the decline in fresh coconut prices, Mr. Le Van Dong, Deputy Director of the Department of Agriculture and Rural Development of Tra Vinh province, said that the province encourages and prioritizes businesses with strengths in deep processing technology and a strong consumer ...

Source: Agriculture