The prices of many fruits have increased sharply these days as China, the biggest consumer, has begun increasing imports.
When Vietnam sells its products to the world, it only has a large output. It forgets to tell the story about the culture, history, and the farming process of the land where the products are born.
New records in export turnover were set by key export items for January, making the annual target of $50 billion worth of farm exports feasible.
Trucks carrying farm produce are still stuck at border gates, causing exports of some vegetables and fruits to fall sharply.
In some European countries, dragonfruit is considered ‘super food’, priced at VND650,000 per kilogram. Vietnam has 1.4 million tons of the fruit each year and farmers sell it at only VND3,000 per kilogram.
While dragonfruit in Vietnam has seen prices plummet, the fruit is being sold for VND200,000 per kilogram in Australian supermarkets and VND600,000 in the Netherlands.
Local agriculture officials are calling for higher contributions from overseas Vietnamese to the domestic economy.
As the total annual output of vegetables and fruits is 28 million tons, unofficial-quota exports and domestic consumption alone won’t use up this amount.
Vice Chairwoman of HCMC People’s Committee Phan Thi Thang promised to bring goods from the Mekong Delta into wholesale markets and distribution systems in HCMC to support farmers and cooperatives for connection of supply and demand.
Vietnam exported $3.52 billion worth of vegetables and fruits in 2021, an increase of 8.6 percent over the year before. China remains the biggest client consuming 54.5 percent of the exports.
Millions of tons of farm produce have been put on sale in the domestic market as exports to China are stuck at the border. The prices have fallen dramatically.
The city’s investment, trade, and tourism promotion activities will focus on gathering the participation of Vietnamese businesses at home and abroad.
Farm exports experienced a tough year in 2021 due to continued congestion at border gates. Despite this, agricultural produce still reached export turnover of $47 billion for the year.
2021 has been a fruitful year for Vietnam’s agriculture as many farm specialties have entered choosy markets.
After tightening technical barriers, China now may suspend imports for at least six weeks during the Tet holiday. About 1 million tons of Vietnamese fruit may suffer from the decision.