Vietnam: Once reaching 200,000 VND/kg, why has the price of avocado in the Central Highlands decreased so much?

Published 2024년 5월 16일

Tridge summary

Avocado farmers in Vietnam's Dak Nong, Dak Lak, and Lam Dong provinces are grappling with crop failures, poor fruit quality, and plummeting prices, which have dropped from 200,000 VND/kg to just over 10,000 VND/kg. This has led to a significant reduction in avocado cultivation areas, from nearly 4,500 hectares in 2020 to about 3,200 hectares in 2023. Farmers are considering switching to more profitable crops like durian and coffee, but the agricultural industry advises caution due to the high costs and time required to establish new crops. The instability in avocado farming is causing many to rethink maintaining their avocado gardens.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With both crop failure and price loss, avocado farmers cried Mr. Tran Dai Phuc's family (in Ea T'ling town, Cu Jut district, Dak Nong province) has 2 hectares planted with avocado variety 034. The avocado is in its 7th year of business, but Mr. Phuc is having to be very careful and chop. Leave or keep the garden. This year's output is too low, less than 30 tons of fruit while the selling price is just over 10,000 VND/kg for grade 1 avocados. Total revenue is less than 200 million VND, excluding expenses, profit is almost gone. According to Mr. Phuc, previously growing 034 avocados brought high profits, at times the price was up to 200,000 VND/kg. But in the past 3-4 years, prices have been decreasing more and more while due to the impact of climate and extreme weather, avocado trees often fail. Also harvesting but not happy is the case of Ms. Le Thi Thu Huong's family (in Hoa Thang commune, Buon Ma Thuot city, Dak Lak province). With an area of more than 3 hectares planted with ...
Source: Danviet

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