Specialty avocado depreciated in Vietnam

Published Oct 18, 2022

Tridge summary

Avocado prices in Ho Chi Minh City have hit record lows due to a surge in production and sluggish domestic demand. The price per kilogram has dropped to 7,000-9,000 VND, a significant decrease from the 100,000 VND per kilogram of a few years ago. This situation is particularly affecting farmers in Dak Lak province, where the avocado cultivation area has expanded dramatically in recent years. The province is struggling to offset the production costs with such low prices, and the situation is further worsened by the Covid-19 pandemic. Despite efforts to connect farmers with local consumers and create value-added products, the volume remains small and the challenge of finding a market for the abundant avocado produce remains.

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

Original content

Surveys at shops, traditional markets and online markets in Ho Chi Minh City show that booth avocados of 2-3 fruits per kilogram are for sale for 70,000 VND per set of 5 kilograms; If you buy 30 kg, the price is 350,000 VND, which is only 12,000-15,000 VND per kg. At a few fruit shops on Le Duc Tho street (Go Vap) or Pham Van Hai (Tan Binh) butter booth type 1 also costs only 25,000-30,000 VND per kg. "I've been selling avocados for many years, but this is the first time I've seen them so cheap. If customers buy 5 kg, the price is only 20,000 VND. A few years ago, this type was 100,000 VND per kg," said Hien. Ms. Hanh, the owner of 100 booth avocado trees in Dak Lak, said that when avocados are in full ripening season, looking for eyestrain can only be bought by traders, but at an "unprecedentedly low" price. "My garden picks avocados and sells them for only 7,000-9,000 VND per kilogram. From now until the end of the crop, there is another batch of avocados, but a few days have ...

Source: VNExpress