Raw coconut prices drop sharply

The price of raw dry coconut in Vinh Long province is falling sharply, only 1/3 times compared to last month. Currently, raw dry coconut is purchased at the price of 60,000 - 80,000 VND/dozen (12 fruits), down 120,000 VND/dozen.

Purchasing raw dry coconut in Giong Trom commune, Vinh Long province.

Ms. Nguyen Thi Tham, Giong Trom commune, Vinh Long province said that last month her family sold coconuts for 200,000 VND/dozen, but now traders only buy them for 80,000 VND/dozen. According to Ms. Tham, for nearly a year now, the price of coconuts has always been high, at times reaching up to 240,000 VND/dozen. Currently, it is the rainy season, the output of dry coconuts is not much, but the price of raw dry coconuts is still falling. With the current price of dry coconuts, Ms. Tham's family has lost a lot of income, not enough money to invest in caring for the coconut trees to have enough nutrients to withstand high tides and drought at the end of the year.

Farmer Tran Van Duc, Chau Hoa commune, Vinh Long province shared that a year ago, the price of raw dry coconut increased to a high level and remained stable after a period of price reduction in previous years. However, the joy of farmers was short-lived as the price of coconut continued to decline. Meanwhile, farmers have spent a lot of money to improve and take care of their coconut gardens.

Purchasing raw dry coconut in Giong Trom commune, Vinh Long province.

According to Mr. Duc, to take good care of the coconut garden, the gardeners must hire workers to build the embankment to prevent flooding during the rainy season and store fresh water for irrigation in the dry season next year, and there are other costs such as fertilizers and pesticides, so the investment cost is not small. Mr. Duc calculated that with the price of coconuts remaining stable at 80,000 VND/dozen or more, farmers can still make a profit, but if the price continues to decrease, the gardeners will face many difficulties.

According to some coconut buyers in Vinh Long, the amount of raw coconut consumed domestically has decreased sharply due to the impact of natural disasters such as storms and floods. In addition, the price of raw dry coconut in the country has increased, many domestic enterprises have chosen to import dry coconut from abroad, leading to an increase in domestic coconut output, reducing the purchase price of raw dry coconut in the country.

Purchasing raw dry coconut in Giong Trom commune, Vinh Long province.

The whole province has more than 120 thousand hectares of coconut, with more than 75% of the coconut area bearing fruit. Currently, Vinh Long province is promoting the call for people to join cooperatives, linking direct consumption with processing enterprises to stabilize purchasing prices, helping farmers have a more sustainable income.

Source: https://baotintuc.vn/kinh-te/gia-dua-kho-nguyen-lieu-giam-sau-20251110175852166.htm