What is the highest price that Vietnamese traders have ever bought areca nuts?

Published 2024년 10월 10일

Tridge summary

In Vietnam, particularly in the province of Dak Lak and more significantly in Hai Duong commune, Nam Dinh province, the market is experiencing a surge in the demand and price of fresh areca nuts, reaching a record high of 90,000 VND/kg. This price surge has caught the attention of traders and farmers alike, with some areas like Dak Lak seeing prices as high as 85,000 VND/kg. This price level is considered a peak since September 2022, when it was recorded in Thanh Hoa province. The price fluctuation of fresh areca nuts in Vietnam has historically ranged from 25,000-50,000 VND/kg, with periods of significantly lower prices. The current market dynamics are influenced by the demand from traders and the lack of transparency, leading to concerns about potential price manipulation and unpredictability for areca farmers.

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

Original content

For about a week now, in localities in Dak Lak province, instead of the image of traders collecting durian, there is the image of a team of traders purchasing fresh areca nuts. The price of fresh areca nuts has gradually increased and increased to the ceiling yesterday, reaching the highest level in the past few days. The highest price of areca nuts in Vietnam is being purchased by traders in Nam Dinh province, reaching a record price of 90,000 VND/kg, the highest ever in Hai Duong commune, Hai Hau district, Nam Dinh province. B. Kh. The highest price of areca nuts in Vietnam is currently recorded in Hai Duong commune, Hai Hau district, Nam Dinh province. Hai Duong is the commune that grows the most areca nuts in Nam Dinh province. This is a commune with a tradition of growing areca nuts in Nam Dinh and Vietnam with 2 main production and business activities: cultivating areca seedlings to sell throughout the country and drying fresh areca nuts to sell to China. The highest ...

Source: Danviet