Vietnam: Chili prices skyrocketed

Mr. Phan in Gia Lai said he had just sold a quintal of chili pepper for 30,000 VND per kg, earning 3 million VND. If prices continue to maintain a good level, his family can collect 30 million VND in this case. Similarly, Mr. Thanh - who owns 0.5 hectares of chili in Tien Giang - just sold each kilogram of chili for 32,000 VND. "I just harvested 3 tons of chili and earned 96 million VND. From now until the end of the season, my garden can harvest 2 more tons. If this price is maintained, this year the family will have a profit of about 100 million VND," said Mr. Thanh said. Mr. Vu Tuan, a trader specializing in purchasing chili peppers in the Western provinces, said that Siamese chili peppers are priced very high because of their unique aroma and spicy taste. In addition, this type is in high demand in the market. If China does not buy them, they will be sold to establishments specializing in processing chili sauce and chili powder. "I am selling the wholesale price at ...