Ms. Nguyen Thi Tham, from Giong Trom commune, Vinh Long province, said that last month her family sold coconuts for 200,000 VND per dozen, but now traders are only buying them for 80,000 VND per dozen. According to Ms. Tham, coconut prices have been consistently high for almost a year, sometimes reaching 240,000 VND per dozen. Currently, it is the rainy season, and the yield of dried coconuts is not high, but the price of dried coconuts continues to fall. With the current price of dried coconuts, Ms. Tham's family is losing a lot of income and doesn't have enough money to invest in caring for the coconut trees to ensure they receive enough nutrients to withstand tidal surges and saline intrusion at the end of the year.
Tran Van Duc, a farmer in Chau Hoa commune, Vinh Long province, shared that a year ago, the price of dried coconuts increased to a high level and remained stable after a period of price decline in previous years. However, the farmers' joy was short-lived as the price of coconuts continued to fall. Meanwhile, farmers have spent a lot of money on improving and caring for their coconut orchards.
According to Mr. Duc, to properly care for coconut trees, farmers have to hire laborers to build embankments to prevent flooding during the rainy season and store freshwater for irrigation during the following dry season. There are also other costs such as fertilizers and pesticides, so the investment is considerable. Mr. Duc calculated that with the price of coconuts remaining stable at 80,000 VND per dozen or more, farmers can still make a profit; however, if the price continues to fall, farmers will face many difficulties.
According to several coconut traders 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, previously, the price of dried coconut in the domestic market increased, leading many domestic businesses to choose to import dried coconut from abroad. This resulted in an increase in domestic coconut production, causing a decrease in the purchase price of dried coconut in the domestic market.
The province has over 120,000 hectares of coconut trees, with more than 75% of the area already bearing fruit. Currently, Vinh Long province is actively encouraging people to join cooperatives and establish direct sales links with processing businesses to stabilize purchase prices and help farmers achieve more sustainable incomes.
Source: https://baotintuc.vn/kinh-te/gia-dua-kho-nguyen-lieu-giam-sau-20251110175852166.htm
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