Vietnam: Will the price of 034 avocado return to its heyday if it is exported to China?

Published Jun 25, 2024

Tridge summary

Prime Minister Pham Minh Chinh of Vietnam has requested China to officially open its market to Vietnamese agricultural products, including frozen durian, fresh coconut, citrus fruits, avocados, custard apples, passion fruit, livestock, and poultry. This move has sparked hope among Vietnamese avocado farmers that they may finally see a increase in prices, which have been low for three years. The retail price of avocados in China is high, and experts believe that the price surge depends on supply and demand factors. However, the current abundant supply may prevent a sudden price increase.

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Original content

China is a large market, with high avocado prices, so the potential is huge if exported officially At a meeting with Prime Minister Li Qiang on the occasion of attending the WEF Dalian Conference and working in China on the afternoon of June 24, Prime Minister Pham Minh Chinh expressed his hope that China will soon sign the protocol and complete the procedures. opening the market for Vietnamese frozen durian and fresh coconut. At the same time, speed up the process of opening the market for other agricultural and aquatic products such as citrus fruits, avocados, custard apples, passion fruit, livestock and poultry. Faced with this information, farmers in many avocado growing areas hope that avocado prices will increase again after 3 consecutive years at very low levels. Mr. Le Huy Quang (Bao Loc town, Lam Dong province) said local avocado prices are currently popular at 7,000-8,000 VND/kg, and in some gardens with good termites the price is only 10,000 VND/kg. Meanwhile, farmers' ...

Source: 24h newspaper