Vietnam: The COVID-19 epidemic caused many agricultural products to be backlogged, prices fell deeply

Published 2021년 6월 25일

Tridge summary

The article highlights the significant challenges faced by the agricultural sector in Vietnam due to the COVID-19 pandemic. It discusses the effects of the epidemic on production, business, and consumption of agricultural products, leading to low commodity prices and financial difficulties for farmers. Large stocks of agricultural products, such as Japanese purple sweet potatoes and rice, are going unsold, and the prices of fruits and aquaculture products have significantly dropped due to oversupply and reduced demand. The pandemic has also negatively affected the export and distribution of these products, with some contracts being canceled or suspended, and issues with COVID-19 testing and standards for agricultural products. Additionally, Ho Chi Minh City's plan to apply a fee for seaport infrastructure from July 1 is expected to further impact the sector by increasing costs for businesses and potentially overloading Ho Chi Minh City Customs.

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Original content

According to statistics of the local Department of Industry and Trade, Ministry of Industry and Trade, the situation of COVID-19 epidemic in the country is developing rapidly and complicatedly, production, business and consumption of agricultural products are facing many difficulties. Commodity prices are low, which has affected the income and life of people in the province. Typically, a number of agricultural products in Dong Thap province are in stock in large quantities. In which, Japanese purple sweet potato products are backlogged with an output of nearly 8,500 tons because mainly traders do not buy or buy very little. In the coming time, a number of products will be harvested such as: chili with an estimated yield of over 32.00 tons by the end of the season; Pangasius, basa with an estimated output of nearly 184,600 tons; rice with an estimated output of 1.5 million tons... In Dak Lak province, a number of agricultural export contracts have been canceled or suspended with ...

Source: Vietnambiz