Green bananas in Vietnam cost up to 500,000 VND per bunch; traders buy the whole garden to export to China

Many banana gardens in Hoa Binh province have been bought by traders at a very high price of 500,000 VND/bunch Mr. Nguyen Hong Yen, Head of the Department of Cultivation and Plant Protection of Hoa Binh province, said that this year many northern provinces were affected by storm No. 3, so banana acreage was damaged, while the Chinese market was "in demand". Therefore, traders have gone hunting to buy bananas at very high prices. Currently, many gardens are selling green bananas at 500,000 VND/garden. Many traders have bought and locked their gardens, taking care of them themselves to wait for Tet to export to the Chinese market. "This year, banana farmers have a good price," said Mr. Yen. In the South, speaking with Nguoi Lao Dong Newspaper, Mr. Vo Quan Huy, Director of Huy Long An Company Limited (Long An), said that banana prices are high, farmers have profits. Currently, bananas are purchased at about 8.5 thousand VND/kg. However, Mr. Huy also noted that the Chinese market is ...