Vietnam: China buys young areca at high price, Department of Cultivation recommends not to plant massively
Areca Nut
China
Vietnam
Published Feb 8, 2023
Tridge summary
Answering VTC News, Mr. Nguyen Nhu Cuong, Director of the Department of Crop Production (Ministry of Agriculture and Rural Development) said that this is very likely to cause people to massively plant areca, leading to the risk of overproduction crisis. . Therefore, Mr. Cuong recommends that people should not be greedy for high prices but massively plant areca according to the movement. Mr. Cuong added that the phenomenon of Chinese traders buying young areca at high prices took place many years ago in the northern and central provinces and the Central Highlands. In the early days of this year, they started buying again. “Chinese traders come to buy areca completely by unofficial channels. The areca tree is also not a staple food crop, we do not have a plan to grow areca, so the authorities cannot manage it. Therefore, people have to think carefully when planting this tree, because it takes at least 3-5 years to harvest the product," Mr. Cuong said. Mr. Cuong is concerned that the increased purchase of young areca by Chinese traders may be due to the demand for this fruit.
Original content
Answering VTC News, Mr. Nguyen Nhu Cuong, Director of the Department of Crop Production (Ministry of Agriculture and Rural Development) said that this is very likely to cause people to massively plant areca, leading to the risk of overproduction crisis. . Therefore, Mr. Cuong recommends that people should not be greedy for high prices but massively plant areca according to the movement. Mr. Cuong added that the phenomenon of Chinese traders buying young areca at high prices took place many years ago in the northern and central provinces and the Central Highlands. In the early days of this year, they started buying again. “Chinese traders come to buy areca completely by unofficial channels. The areca tree is also not a staple food crop, we do not have a plan to grow areca, so the authorities cannot manage it. Therefore, people have to think carefully when planting this tree, because it takes at least 3-5 years to harvest the product," said Dong Cuong. Mr. Cuong is concerned that ...
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