Purple onion prices fall in Soc Trang, Vietnam

Published 2021년 4월 20일

Tridge summary

Vinh Chau town in Soc Trang province is grappling with a significant surplus of onions, estimated at over 51,000 tons, due to a combination of factors including market fluctuations, COVID-19 impacting export capabilities, and competition with lower priced onions from China and Thailand. This surplus has led to a drop in prices for local onions, affecting farmers negatively. In response, the province has stepped in to support poor households by purchasing onions at a higher price. A meeting is scheduled to address the issue and explore solutions, involving local authorities, businesses, and other stakeholders. The challenge lies in the perishable nature of onions and the current inability to export, exacerbated by lower prices for purple onions due to competition from imports.

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Original content

Therefore, businesses do not dare to buy onions from Vinh Chau ”, said Mr. Ma Chi Tho - Head of Economic Department of Vinh Chau Town (Soc Trang)., Also according to the Head of the Economic Department of Vinh Chau Town, 6 years ago, Vinh Chau farmers also fell into a slump of about 50,000 tons of onions, the spot price was only from 2,000 - 3,000 VND / kg. At that time, Vinh Chau's import market was mainly Indonesia. At the time when the farmers here harvested onions massively, the Indonesian side stopped importing so it fell into a rush of markets., Facing this situation, Soc Trang province called for the rescue of purple onion growers and was responded by many agencies, units, organizations and individuals. Onions were bought for 10,000 VND / kg, the farmer sighed in relief., In addition, farmers often plant onions in the style of "weather forecast". When the prices of onions went down, they planted little but there were five escalating onions, and people massively planted them ...

Source: VNRuralEconomics