W9 Pineapple Update: Surging Pineapple Prices in Vị Thanh City and Long Mỹ District, Polash Upazila's Honey Queen Pineapple Farming Expands to 4 Thousand Ha

Published Mar 6, 2024
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In W9 in the pineapple landscape, Vietnam's Lào Cai province aims to reach 2.2 ha of pineapple land by 2024, with an average harvest of 41.9 thousand tons and an average value of USD 4 thousand/ha/year. The province plans to attract businesses, strengthen trade promotion, expand consumption markets, focus on deep processing, and export to the US and EU countries. Pineapple prices in Vị Thanh City and Long Mỹ District rose due to slow growth and limited supply. Meanwhile, Honey Queen pineapple farming in Polash Upazila, Bangladesh, has grown to 4 thousand ha in 2024, providing financial benefits to farmers. Lastly, Angola's pineapple value chain is well-organized, benefiting commercial and family farms, according to Incatema. However, growth in exports is unlikely due to multinational companies.

Lào Cai Province Aims High in Pineapple Production by the End of 2024

In Vietnam, Lào Cai province aims to reach 2.2 hectares (ha) of pineapple land by 2024, with an average harvest production of 41.9 thousand tons and an average value of USD 4 thousand/ha/year (VND 100 million/ha/year). The province plans to expand pineapple production to 2.2 thousand ha by the end of 2024, with 60 ha planted in Mường Khương district. Pineapple acreage is primarily concentrated in Mường Khương, Bảo Thắng, and Bát Xát districts. Pineapple planting is arranged according to market needs, with three main seasons: March to May, July to September, and October to November. For scattered crop areas, planting can be done in June, July, and August, with harvest times from July to April. To increase product value, Lào Cai also introduces new pineapple varieties, such as MD2 and H180. The province plans to attract more businesses to invest in pineapple processing factories, strengthen trade promotion, expand consumption markets, focus on deep processing, and export to the United States (US) and European Union (EU) countries.

Pineapple Prices Soar in Vị Thanh City and Long Mỹ District Amidst Slow Growth in W9

In Cầu Dục pineapple fields in Vị Thanh City and Long Mỹ district, traders are buying pineapples from farmers for USD 0.45/1 kilogram or more (VND 11,000/1 kg or more), which has increased by USD 0.081 per fruit (VND 2,000 per fruit) compared to ten days ago. Depending on size, small traders sell pineapples at a market price of USD 0.61 to 0.69 (VND 15,000 to 17,000 per fruit). The high prices are due to the slow growth of pineapple trees during the dry season, which produces few and small fruits. The supply source is low, and high pineapple prices are expected to continue for a long time due to the limited supply. The province currently has over 2.8 thousand ha of pineapples, with the main variety being Queen pineapple.

Rise of Honey Queen Pineapple Farming in Palash Upazila in 2024

The Honey Queen pineapple production is flourishing in Palash Upazila of the Narsingdi district in Bangladesh, bringing economic prosperity to many farmers. Despite its smaller size, this variety is highly valued for its exceptional flavor. Farmers in villages such as Rabon, Borabo, and Jinardee have enthusiastically adopted Honey Queen pineapple cultivation in their radish highlands and homestead gardens, finding it financially rewarding. With assistance from the Department of Agricultural Extension (DAE), these farmers will expand pineapple cultivation to about 4 thousand ha or 10 thousand acres of land in 2024. Each bigha of land can support 500 to 600 saplings, yielding an average of 1 thousand to 1.2 thousand pineapples annually.

Incatema's Study on Angola's Pineapple Production and Trade

Incatema’s study on Angola's pineapple value chain highlights its importance in agricultural development and bridging the gap between production and domestic consumption. The study found that Angola's pineapple cultivation is well-organized, benefiting both commercial and family farms with competitive prices. However, significant growth in pineapple exports is unlikely due to the presence of multinational companies from France and North America in key European consumer markets. The study aims to identify strategic crops for Angola's development, given its significant agricultural production deficit, which raises concerns about currency reserves and external market dependence.

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