Vietnam: Why do Vinh Long oranges continue to fall in price?

On December 10, some selling points posted signs to rescue Vinh Long oranges for 6,000 VND/kg. For nearly a month now, in some markets and selling points, price signs for Vinh Long oranges have been posted at 20,000 VND/3kg, 7,000-10,000 VND/kg. Some supermarkets are promoting oranges at 15,900 VND/kg. As one of the districts that grows the most oranges in Vinh Long province, Mr. Nguyen Van Tam, Head of the Department of Agriculture and Rural Development of Tra On district, Vinh Long province, said that in the middle of the year, the price of oranges in farmers' gardens is 10,000 VND. -11,000 VND/kg and currently the price of oranges purchased at the garden is 3,000-4,000 VND/kg. According to Mr. Tam, due to cold weather in the North and Central regions, the market has reduced consumption. In addition, the orange growing area in Tra On district recently increased by 850 hectares, bringing the district's orange growing area to nearly 10,400 hectares. Accordingly, the total orange ...