Vietnam: Prices of potatoes are at record lows; farmers in the West are empty-handed

Published Jun 1, 2021

Tridge summary

Farmers in Binh Tan, the largest potato growing region in Vinh Long province, are facing challenges as they have hundreds of hectares of sweet potatoes ready for harvest but are unable to sell due to low prices. The price of purple sweet potatoes has dropped significantly, resulting in a loss for growers. The COVID-19 epidemic has further impacted the purchasing situation, with many potatoes still in the field. The People's Committee of Tan Thanh Commune is urging businesses and consumers to help by purchasing the sweet potatoes to assist the farmers. However, the consumption has been limited to more than 10 tons per day.

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Original content

Vinh Long newspaper reported that farmers in Binh Tan, the largest potato region in Vinh Long province, are "sitting on the fire" when hundreds of hectares of sweet potatoes have to be harvested, still anchored in the fields, because prices are low and traders not buy. The whole district of Binh Tan currently has 850 hectares of potatoes, the yield of sweet potatoes is 50-70 quintals/work (60 kg each), the output is estimated at over 32,000 tons. According to potato growers, the price of purple sweet potato "falls to an unprecedented low" to only 30,000 - 40,000 VND / quintal, which is only about 500 - 1,000 VND / kg, down more than 10-15 times compared to previous years. At this price, growers lose from 150-200 million VND/ha. According to Mr. Nguyen Van Duc (Tan Duong hamlet, Tan Thanh commune, Binh Tan district) harvested 14 public potatoes, sold in the field 40,000 VND / quintal. "The investment cost for each potato is not less than 15 million dong, this potato season is ...

Source: Vietnambiz