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Vietnam: The price of desiccated coconut increased sharply again after more than two years of falling down

Desiccated Coconut
Other Fresh Coconut
Fruits
Vietnam
Published May 5, 2023

Tridge summary

(Chinhphu.vn) - If at the beginning of 2023, coconut farmers "died standing" when the price of raw dried coconut dropped to only about 15,000 - 20,000 VND/dozen, now coconut prices increased to 55,000 - 60,000 VND/dozen (after deducting harvesting costs). The price of dried coconut has increased sharply again after more than two years of decline, making coconut farmers very excited because coconut trees are the main source of income for many households in Ben Tre.

Original content

Ben Tre Department of Agriculture and Rural Development said that the reason coconut prices increased again was due to the increase in world coconut prices. Although the coconut area of Ben Tre province is the largest in the country, it is very small compared to the world, so the price of coconut depends greatly on the world market. In the coming time, if the official export market is opened to the US and China, the price of coconut will be stable. However, according to the Department of Agriculture and Rural Development of Ben Tre, in order for coconut prices to be sustainable, it is necessary to actively create high-value products, such as building area codes for coconuts, producing according to standards. good agriculture (GAP) and organic production. Along with that, businesses also need to increase processing and export to create high-value products. Thereby, the new coconut tree value chain creates added value and the key factors in the new chain are favorable. Ben Tre is ...
Source: Baochinhphu
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