Vietnam: Being accused of enriching farmers 20 times, a business selling fruit to the US complains

Published 2022년 1월 13일

Tridge summary

The article highlights the challenges faced by fruit processing and exporting businesses in Vietnam due to increased freight rates. The General Director of Vina T&T Import-Export Company, Mr. Nguyen Dinh Tung, pointed out the significant profit margin difference between the selling price of fruit in the US and the buying price from Vietnamese farmers, which is being offset by shipping costs. The need for transparency in freight costs and solutions to the fluctuating shipping industry was emphasized. The article also discusses the issue of an imbalance between imports and exports of refrigerated containers, requiring Vietnamese businesses to consider long-term solutions. The article suggests that changing consumer habits and establishing a stable commitment in cargo volume can help effectively convert exports from land to sea.

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

Original content

The increase in freight rates has made it difficult for many fruit processing and exporting enterprises. At the meeting to promote the export of agricultural products by sea organized by the Ministry of Agriculture and Rural Development on the afternoon of January 12, 2022, Mr. Nguyen Dinh Tung, General Director of Vina T&T Import-Export Company, "claimed unjustly": Farmers told me to "eat food." thick" when I saw me selling dragon fruit in the US for nearly 20 USD/kg but buying dragon fruit for farmers in Vietnam for 15,000 VND/kg, which is less than 1 USD/kg". "Actually, that profit difference has been "eaten" by sea freight," said Mr. Tung. Mr. Tung said, the shipping price for 1 container (dry) to the US is up to 16,500 USD, while shipping by air for fruit is up to 8.2 USD/kg (while it was 3.5 USD before). USD/kg). Agreeing with Mr. Tung's point of view, Ms. Ngo Tuong Vy, Deputy General Director of Chanh Thu Company, said that not only did the freight rates increase, but they ...

Source: Danviet