Vietnam: Coconut export & goal of 1 billion USD in 2025

Published Aug 24, 2023

Tridge summary

The price of coconuts in Tien Giang and Ben Tre provinces is low for farmers, but significantly increases when it reaches consumers in Ho Chi Minh City. The high cost of intermediaries is resulting in farmers not benefiting from the higher prices paid by consumers. The expansion of coconut exports to markets such as the US and China is expected to increase the value of the coconut industry in Vietnam, with estimates suggesting that coconut export turnover could reach $1 billion USD by 2024 or 2025.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Luu Van Phi, Director of the Department of Industry and Trade of Tien Giang province, the price of coconuts in the garden in Tien Giang and Ben Tre is only about 3,500 - 4,000 VND/fruit, but when it reaches consumers, Using Ho Chi Minh City increased to 20,000 VND/left. Mr. Phi said that consumers in Ho Chi Minh City are paying a large amount of money, while farmers are not benefiting, because the cost of intermediaries is too much. "Transportation collects at least 500 VND / fruit, buys coconuts at level 1 at least 1,000 - 2,000 VND / fruit, then through many levels of new agents to consumers. Price difference between the locality and the market As big as Ho Chi Minh City is too high, the more people involved in the chain, the higher the cost, so it is necessary to calculate how to shorten this chain, reduce the intermediate stages. At that time, the farmer got 6,000 VND and the intermediary stage was 4,000 VND. Just one coconut was about 6,000 - 7,000 VND, and the ...
Source: Agriculture

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