Domestic commodity market in Vietnam on 11/5/2022

Published May 11, 2022

Tridge summary

The article reports a recovery in the price of green-skinned pomelo in Tien Giang, Vietnam, providing a source of income for farmers and helping them stabilize production and life after the COVID-19 pandemic. The price increase, ranging from 22,000 VND to 30,000 VND per kilogram, is attributed to the law of supply and demand and the effect of the dry season on pomelo harvest. Despite challenges in export, domestic demand for the fruit is high, and its cultivation has the potential to bring high economic value and be a significant source of agricultural income for the province. Additionally, the article provides information on the current prices of live hogs and peppers in various regions, showing increases in hog prices and significant decreases in pepper prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Currently, the price of green-skinned pomelo in Tien Giang is recovering strongly, bringing a good source of income for pomelo farmers to stabilize production and life after the COVID-19 pandemic. According to Mr. Nguyen Van Minh, a pomelo farmer is cultivating 8,000 m2 of green-skinned pomelo in Binh Phuc Nhut commune, Cho Gao district. Currently, traders buy green-skinned pomelos from 22,000 VND to 25,000 VND/kg, depending on the type. and locations, increasing prices from 7,000-10,000 VND/kg compared to the first months of the year. Mr. Minh is very excited because he has just harvested more than 1 ton of pomelos and sold for 22 million VND. Similarly, Mr. Muoi Vy, a pomelo farmer in My Phong commune, My Tho city said that good pomelos are bought by traders sometimes from 25,000-30,000 VND/kg. On average, pomelo prices increased by 30-40% compared to previous months. Mr. Muoi Vy assessed that the price of pomelos increased due to the law of supply and demand, while in the dry ...

Source: Vinanet