Farm produce stuck at border, but farmers don't want to sell

Thousands of trucks are still heading for the Vietnam-China border gates, though the exports are getting stuck because of the Covid-19 epidemic.

Vietnam’s farm produce remains unsold because of the closure of border gates.

Retailers have decided to collect watermelons and dragon fruit in large quantities for distribution in response to the call to rescue Vietnam’s farm produce.

Farm produce stuck at border, but farmers don't want to sell



Nguyen Thi Phuong, deputy general director of Central Retail, which runs Big C and GO! supermarket chains, said the company is collecting unsold farm produce in Binh Thuan, Gia Lai, Khanh Hoa, Long An and Tien Giang.

At Big C and GO! in the north, watermelon is sold at VND6,200 per kilogram, while red- and white-flesh dragon fruit at VND15,500 per kilogram. In the south, red-flesh dragon fruit is sold at VND10,900 per kilogram and watermelon VND4,900.

After one week of selling the ‘rescued farm produce’, Big C and GO! said the two chains sold 100 tons of watermelon and 70 tons of dragon fruit each day.

After one week of selling the ‘rescued farm produce’, Big C and GO! said the two chains sold 100 tons of watermelon and 70 tons of dragon fruit each day.

 


Meanwhile, Kim Dung, director of Sai Gon Co-op in Hanoi, said the retailer is selling rescued farm produce, but the sale may be interrupted at any time.

She went on to say that the rescue campaign shows the great potential of the domestic market, calling on management agencies, local authorities and farmers to increase domestic sales.

According to Nguyen Thanh Thuy, deputy general director of Vincommerce, which owns Vinmart, said the retail chain can consume hundreds of tons of water melon. However, when she contacted farmers to discuss the collection of watermelon in the rescue campaign, she was told that farmers did not have products to sell.

“Vinmart wants to collect 60 tons of water melon a week in Gia Lai, but the delivery is in dribs and drabs,” she said.

Thuy complained that when the retailer contacted the locality, the two sides agreed on one price level, but when the retailer sent staff to collect products, farmers set another price level.

Ngo Tri Long, a respected economist, commented that farmers don’t want to sell products domestically because the prices are lower than export prices. Farm produce cannot be exported, but farmers still want to sell products at high prices in the domestic market.

Representatives of supermarkets, local authorities and farmers expressed disagreement at the meeting organized by the Ministry of Industry and Trade.

Supermarkets said they cannot collect enough products for retailing. Local authorities said the inventory level is high but they don’t want to sell domestically, and want to export at high prices. 

Linh Ha

Farm produce prices slump as Covid-19 hits exports

Farm produce prices slump as Covid-19 hits exports

The suspension of trade in seafood and agriculture products at some northern border gates with China as a measure against the novel coronavirus (Covid-19) has caused a demand-supply imbalance in the market.  

VN farm produce exporters urged to look at markets other than China

VN farm produce exporters urged to look at markets other than China

Exporters of agricultural products, especially dragon fruit, must improve quality and focus on the domestic and new export markets and reduce their dependence on the Chinese market amid the current epidemic outbreak, experts have said.  

 
 

Other News

.
EVFTA to come into effect in a month
EVFTA to come into effect in a month
BUSINESSicon  02/07/2020 

The EVFTA will abolish 65 per cent of the duties on EU exports to its developing partner, with the remainder phased out over a 10-year period.

World Bank Vietnam has new head
World Bank Vietnam has new head
BUSINESSicon  02/07/2020 

From July 1, Ms. Carolyn Turk will work at the World Bank (WB) Hanoi office as its country director in Vietnam, according to the office.

China maintains position as Vietnam's largest import market
China maintains position as Vietnam's largest import market
VIDEOicon  02/07/2020 

Despite the first half of the year seeing Vietnamese export turnover to China only reaching a mere US$34.8 billion, China retained its place as the country’s largest import market, according to the General Statistics Office.

Will demand for corporate bonds become weaker because of a new law?
Will demand for corporate bonds become weaker because of a new law?
BUSINESSicon  02/07/2020 

Under the amended Enterprise Law ratified by the National Assembly on June 17, nonprofessional investors are prohibited from trading corporate bonds issued in private offerings from January 1, 2021.

Retail industry to face being "swallowed" once EVFTA comes into force
Retail industry to face being "swallowed" once EVFTA comes into force
BUSINESSicon  02/07/2020 

With the implementation of the EU-Vietnam Free Trade Agreement looming, besides providing opportunities, the Vietnamese retail market is anticipated to face numerous challenges, 

Vietnam sees greater budget transparency
Vietnam sees greater budget transparency
BUSINESSicon  01/07/2020 

Vietnam’s Open Budget Index (OBI) increased rapidly in 2019 compared to 2018, according to a survey released on July 1.

Vietnam to create “Miracle on the Red River” with implementation of Doi Moi 4.0
Vietnam to create “Miracle on the Red River” with implementation of Doi Moi 4.0
BUSINESSicon  01/07/2020 

The Vietnamese Government has made bold and reasonable decisions to fight against the COVID-19 pandemic and be proactive with comprehensive initiatives for economic recovery.

Administrative reforms would help unlock EVFTA's potential: EuroCham
Administrative reforms would help unlock EVFTA's potential: EuroCham
BUSINESSicon  01/07/2020 

 Administrative procedure reform is the key to unlocking the full potential of the Europe-Viet Nam Free Trade Agreement (EVFTA), said participants at a conference on Tuesday.

Nation’s economic forecast leads way
Nation’s economic forecast leads way
BUSINESSicon  01/07/2020 

With its success in fighting COVID-19, Vietnam has continued to be the best performer in Southeast Asia, laying a firm foundation for the country to attract more investment and spur on production.

HCM City seeks faster switch to cashless payment
HCM City seeks faster switch to cashless payment
BUSINESSicon  01/07/2020 

Nguyen Anh Duc, general director of Saigon Co.op, said the rate of cashless payment at its system, including Co.opmart, Co.opXtra, Co.op Food, and Co.op Smile, has increased sharply since last year from 3-5 percent to nearly 21 percent now.

A promising future for Vietnam after COVID-19
A promising future for Vietnam after COVID-19
BUSINESSicon  01/07/2020 

With an increasingly open business environment, and continuing international integration, Vietnam has long been regarded as a promising destination for foreign investment.

Mid-term rural, agricultural survey to begin on July 1
Mid-term rural, agricultural survey to begin on July 1
BUSINESSicon  01/07/2020 

A mid-term survey on rural areas and agriculture will be carried out in Vietnam’s 63 cities and provinces from July 1, the General Statistics Office (GSO) has announced.

Da Nang sees minus economic growth for first time in over 20 years
Da Nang sees minus economic growth for first time in over 20 years
BUSINESSicon  01/07/2020 

The central city of Da Nang saw its GRDP for the first half of the year contract by 3.61 percent from the same period in 2019, the first time since the city became a centrally-run locality in 1997.

Old barriers prevent Covid-19-hit businesses from accessing preferential loans
Old barriers prevent Covid-19-hit businesses from accessing preferential loans
BUSINESSicon  01/07/2020 

Small enterprises complain they cannot access the preferential lending program, while banks say hundreds of trillions of dong are ready for disbursement.

Bad debts return, bank profits fall
Bad debts return, bank profits fall
BUSINESSicon  02/07/2020 

Along with implementing better provisions against credit risks, commercial banks are stepping up the sale of mortgaged assets to collect debts.

Vietnam sees positive cash flow from foreign investors
Vietnam sees positive cash flow from foreign investors
BUSINESSicon  02/07/2020 

The dollar price has decreased since the second half of March, with the dong/dollar exchange rate in the interbank market falling to VND23,200 per dollar last week.

Vietnam Railways estimates a $60 million loss due to pandemic
Vietnam Railways estimates a $60 million loss due to pandemic
BUSINESSicon  30/06/2020 

Vietnam Railway Corporation (VNR) estimates a loss of nearly VND1.4 trillion (US$60 million) after tax in 2020, a massive blow to the company due to impacts of the COVID-19 pandemic.

Construction materials industry faces challenges
Construction materials industry faces challenges
BUSINESSicon  01/07/2020 

Thai Duy Sam, vice chairman of Vietnam Building Material Association, speaks  about challenges and shortcomings in production technology and environmental protection for the construction materials industry.

VN records positive growth amid gloomy global forecasts
VN records positive growth amid gloomy global forecasts
BUSINESSicon  30/06/2020 

Vietnam’s gross domestic product (GDP) expanded 1.81 per cent year-on-year during the first half of this year, the lowest six-month growth pace since 2011, according to the General Statistics Office (GSO).

Patents in Vietnam increase 56 percent
Patents in Vietnam increase 56 percent
BUSINESSicon  30/06/2020 

The number of patents has increased by 56.7 per cent in the first five months of this year compared to the same period last year.

 
 
 
Leave your comment on an article

OR QUICK LOGIN