Vietnam: Export of sweet potatoes has just increased, prices have fallen again

Published 2021년 6월 7일

Tridge summary

The article highlights the significant fluctuation in the price of Japanese purple sweet potatoes for export, which fell to around 50,000 VND/quintal in late May 2021, causing substantial losses for farmers in Vinh Long and Dong Thap provinces in the Mekong Delta. This price drop was attributed to the challenging export situation, especially in the Chinese market. However, prices recovered to around 200,000 VND/quintal after farmers received support and purchases for consumption, only to fall again to about 100,000 VND/quintal. The article emphasizes the need for a traceability certificate to ensure a stable market and fair prices for farmers, who face challenges in cultivation and export. Authorities in Dong Thap Province are taking steps to support sweet potato farmers by enhancing market connections and finding consumption outlets.

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

Original content

On the afternoon of June 7, Mr. Son Van Luan, Director of Thanh Ngoc Agricultural Service Cooperative (Binh Tan District, Vinh Long Province) said: "At the end of May 2021, the price of Japanese purple sweet potatoes for export dropped. pathetically only 40,000-50,000 VND/quintal (60kg) and difficult to consume, causing farmers to suffer heavy losses. After that, many units and individuals from all over the world stood out to buy and support the consumption of sweet potatoes to help people in Vinh Long and Dong Thap. As a result, the price of potatoes increased to about 200,000 VND/quintal, helping farmers hope to reduce losses. However, a few days ago, the price dropped back to about 100,000 VND/quintal; The reason is the difficult export situation, especially the Chinese market. Mr. Huynh Quang Nhat (Binh Tan district) said: “The family cultivates 10 cans of sweet potatoes and plans to not let others harvest it because if it is harvested, it will also lose the money to hire ...

Source: Sggp