Farm produce falls in price, farmers incur losses

Last update 14:00 | 07/05/2017
VietNamNet Bridge – Pineapple, watermelon and chili growers are complaining about the hot weather which has forced them to work hard to water crops. Meanwhile, farm produce prices have dropped dramatically.vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, farm produce, VFA, rice export

The winter-spring rice price increased for a short time before it began falling sharply three weeks ago in Mekong Delta. Le Thanh Phong, a farmer in Tra Vinh, said he had sold IR 50404 rice at VND4,300 per kilo, a decrease of VND300 per kilo compared with the beginning of the crop.

“We almost did not make a profit because of pests and the fertilizer price increase,” Phong said.

The rice price has also decreased in Vinh Long province and Can Tho City. IR50404 wet unhusked rice is traded at VND4,300 per kilo, while dry unhusked rice is at VND5,300. Long-grain and fragrant rice are traded at VND4,600-5,300 per kilo.

In general, the price has decreased by VND500 per kilo compared to three weeks ago.

Pineapple, watermelon and chili growers are complaining about the hot weather which has forced them to work hard to water crops. Meanwhile, farm produce prices have dropped dramatically.

Nguyen Cong Ly, a merchant specializing in collecting rice from farmers in Phuong Thinh commune of Dong Thap province, said farmers fear they cannot find buyers when a lot of rice gets ripped.

The domestic rice price decrease is attributed to the falling rice export price.

Besides, as exporters have collected enough rice to fulfill the signed contracts, they have stopped collecting rice from farmers.

Meanwhile, the Philippines and China, Vietnam’s major export markets, are restricting imports.

Chili growers in Mekong Delta now also have their hearts in their boots as the price has continued to fall.

Nguyen Van Phoi from Hong Ngu district said two weeks ago merchants accepted to pay VND11,000-12,000 per kilo.

However, the price has dropped to VND7,000 per kilo, while the demand is very weak. Some farmers in the locality are considering stopping growing chili to grow other short-day crops.

Pham Thanh Nhi, head of the Hong Ngu district’s agriculture sub-department, said the chili price once climbed to the sky-high price of VND115,000 per kilo.

But with the current price, farmers don’t earn enough money to hire workers to harvest.

The fruit prices have also dropped abnormally despite the hot weather. In Kien Giang, Hau Giang, VInh Long and Tien Giang, merchants only pay VND1,000-3,000 per kilo of watermelon and VND2,000-4,000 per kilo for pineapple.

The sharp price falls which bring big losses to farmers have caused a big headache to the government.

In March, the Ministry of Industry and Trade (MOIT) called on agencies to join forces to rescue bananas in Dong Nai province which were left unsold. In April, Quang Ngai watermelon needed help.

At the Q1 regular press conference, MARD’s official said agencies had to carry out two rescue campaigns in the first three months of the year.


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This entry was posted in Nông nghiệp - Agriculture, Đời sống nông dân and tagged , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development ( I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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