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Abundant supply, prices of green vegetables fall in Vietnam

Published Apr 18, 2023

Tridge summary

Vegetable farmers in Phu My town are facing unprofitability due to sharp drops in selling prices and high input costs. Located in the largest vegetable growing area in the province, spanning over 1,200 hectares across Tan Hai, Chau Pha and Song Xoai communes, the town grows a variety of vegetables. However, an abundant supply and the reopening of China have led to a significant decrease in vegetable prices, causing farmers to sell at a loss. Despite these challenges, the agricultural sector of Phu My is promoting the expansion of vegetable production and urging farmers to adopt VietGAP standards. The town is also focusing on models to link farmers with cooperatives and enterprises to ensure a stable and sustainable output.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Selling prices fell sharply, while high input costs made vegetable farmers in Phu My town almost unprofitable. As the largest vegetable growing area in the province, in the Winter-Spring crop of 2022-2023, Phu My Town cultivates more than 1,200 hectares of vegetables, mainly in Tan Hai, Chau Pha and Song Xoai communes. Warm sunny weather creates favorable conditions for vegetables to grow quickly. Due to the abundant supply, for more than a month now, the price of many vegetables purchased by traders has decreased compared to the time before the Lunar New Year. Meanwhile, China reopened, so the amount of vegetables returned a lot. Green vegetables from Lam Dong are also in full bloom, leading to the situation of "supply exceeding demand". Some vegetables such as collard greens, broccoli, lettuce, perilla, onions, cilantro... are being purchased by traders from 4,000-5,000 VND/kg depending on the type, only half as much as at the beginning of the year. Mr. Mai Thuc Khang (Tan Hai ...
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