Farmers in Vinh Long suffer losses in peanut crop.

Peanut farmers in Vinh Long province are entering the peak harvest season for the 2025-2026 Winter-Spring crop. However, the joy of the harvest is not complete as peanut prices have dropped sharply by 7,000 - 12,000 VND/kg compared to the period before the 2026 Lunar New Year, causing many farming households to suffer significant income reductions. Currently, the price of peanuts is only 13,000 VND/kg.

Báo Tin Tức•17/04/2026

Photo caption — Farmers in Long Hiep commune, Vinh Long province, are harvesting peanuts.

Mr. Nguyen Thanh Trung's family in Huyen Duc hamlet, Hiep My commune, recently harvested 9 acres of peanuts (1 acre is 1,000 m2), with an average yield of 900 kg/acre. Although the yield was about 100 kg/acre higher than the previous season, the selling price dropped to only 13,000 VND/kg, causing significant losses for his family.

In Long Hiep commune, the family of Ms. Thach Thi Thanh, in Tha La hamlet, planted 2.5 acres of peanuts. This year, the peanut field yielded over 2 tons, 200 kg more than last year's winter-spring crop. However, due to the sharp drop in selling prices, the family's income has decreased significantly. After 3 months of production, with an investment cost of about 5 million VND per acre, the peanut field brought in a profit of about 13 million VND. Compared to the price during the Lunar New Year, the family estimates a loss of over 10 million VND.

According to Mr. Le Van Chac, from the Economic Department of the Long Hiep Commune People's Committee, the commune has a total peanut cultivation area of nearly 200 hectares, but most of the area has been harvested recently, causing peanut prices to drop sharply compared to the period before the Lunar New Year, resulting in a decrease in farmers' income.

The sharp drop in peanut prices during the 2025-2026 Winter-Spring crop season is mainly due to increased supply during the peak harvest season, while consumption has not increased proportionally. In addition, the output market is facing difficulties, with purchasing businesses being hesitant. The small-scale nature of production, lack of supply chain linkages, and limited deep processing facilities also restrict consumption, leading to price drops at the farm.

Vinh Long province has a total peanut cultivation area of nearly 4,300 hectares. This crop is quite adaptable to the soil and climate conditions in many localities within the province. However, in recent times, the peanut industry has faced many difficulties such as an unstable consumer market, small-scale and fragmented production, limited linkages in production, processing, and consumption, and a lack of investment in deep processing by businesses.
Furthermore, the application of science and technology in production is uneven, and products lack established brands, making them frequently vulnerable to market price fluctuations, resulting in unstable incomes for farmers.

Mr. Le Van Dong, Deputy Director of the Department of Agriculture and Environment of Vinh Long province, said that the locality has taken advantage of many resources and projects implemented in the area to upgrade the peanut value chain, helping farmers improve production efficiency. The department focuses on three main groups of solutions: improving and diversifying products; attracting investment and creating jobs; and developing the distribution system.
The province's agricultural sector is also promoting production and consumption linkages; applying science and technology to reduce costs and increase profits; and actively calling on businesses to invest in deep processing to enhance product value.

Low peanut prices not only affect farmers' income but also impact the maintenance of planted areas in future seasons, requiring relevant authorities to continue implementing solutions to stabilize output and increase the value of peanut products.

Source: https://baotintuc.vn/kinh-te/nong-dan-vinh-long-that-thu-vu-lac-20260417153718340.htm