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

Published 2023년 5월 4일

Tridge summary

The Ben Tre Department of Agriculture and Rural Development reported an increase in coconut prices, which is largely attributed to global market trends. As the largest coconut-growing region in Vietnam and the world's smallest contributor to the global market, the local price is significantly influenced by global market fluctuations. To ensure price stability and sustainability, the department urges the development of high-value coconut products, improved agricultural standards, increased processing and export, and the establishment of a new coconut value chain. The province also emphasizes the need for connecting businesses with farmers, enhancing cooperative groups and cooperatives, and providing technical and market support to growers. Additionally, the province plans to expand organic coconut cultivation and implement economic contracts to boost commodity production areas.

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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