It was recorded in Tien Giang province on June 6 that the price of Thai jackfruit has hit a record low. Many farmers are dismayed and shaken their heads in disappointment as they have never experienced such low prices for Thai jackfruit before.
Many traders have stopped purchasing jackfruit due to the fear of incurring losses as the fruit is extremely cheap and challenging to sell.
Tran Dinh Trong, a farmer from Phu Nhuan commune, Cai Lay district, Tien Giang province, owns approximately 400 Thai jackfruit trees that are five years old. In the past few days, his trees have entered the harvest season, but he feels anxious due to the significant drop in prices. Traders are only willing to buy jackfruit at the highest price of VND 3,000-4,000/kg, while most purchases are made at VND 1,000-2,000/kg.
“Farmers can only make a living when the price is around VND 6,000-7,000/kg. At the current rates, we are suffering heavy losses,” lamented Mr. Trong. “The price of jackfruit started to drop more than a month ago, but the situation has become dire in recent days.”
Sharing the same difficulties, Tran Van Banh from My Loi B commune, Cai Be district, Tien Giang province, and his family are also worried about the plummeting prices. With over 100 Thai jackfruit trees, Mr. Banh harvests about 300 kg of fruit every half month. However, due to the extremely low prices, traders have stopped coming to their gardens, forcing the family to cut the fruit themselves and bring it to the wholesale market to sell.
“The wholesale market is buying jackfruit at VND 1,000/kg. Even though we know the price is low, if we don’t cut the fruit, rats will eat it,” shared Mr. Banh. “Now we have to endure the hardship of harvesting and selling at a loss. I have never seen a year when Thai jackfruit was this cheap. Farmers are suffering heavy losses at this price.”
According to the owner of Dang Truong jackfruit wholesale market in My Loi B commune, Cai Be district, in the past few days, the market has been purchasing Thai jackfruit from farmers at prices ranging from VND 1,000-3,000/kg. Specifically, jackfruit weighing 9 kg or more is priced at VND 3,000/kg, while those weighing 7-9 kg are sold at VND 2,000/kg, and those below 7 kg are VND 1,000/kg. Despite the low prices, consumption remains challenging. Some fruits that cannot be sold are peeled and sold to drying facilities.
The owner of Dang Truong wholesale market added, “The main reason for the sharp decline in Thai jackfruit prices is the reduced demand from the Chinese market. They believe that the quality of the fruit is not up to their standards. I have been running this wholesale market for eight years, and this is the first time I have seen such low prices for Thai jackfruit. Not only are the farmers suffering, but the traders are also facing difficulties. Many traders have given up on purchasing jackfruit altogether due to the fear of incurring losses.”
According to statistics from the Department of Agriculture and Environment of Tien Giang province, the province is one of the largest growers of Thai jackfruit in the Mekong Delta, with an area of more than 15,800 hectares and a yield of 332,000 tons.
In previous years, the area dedicated to Thai jackfruit farming rapidly expanded due to the trend of crop conversion and the economic value associated with this crop. However, after the successful official export of durian, farmers shifted their focus to planting durian, causing Thai jackfruit to lose its prominent position.
Currently, the consumption of Thai jackfruit heavily relies on the Chinese market. Due to the lack of linkage in production and consumption, farmers are caught in a cycle of “good harvest, low price, and high price, poor harvest.”
“A Spacious Shopping Experience: Aeon Mall Spreads Across 2 Hectares in My Tho, Vietnam, with a Massive Investment of Over VND 1,100 Billion”
Aeon has a tried-and-true approach to developing its mall projects by partnering with local businesses that already have the requisite land for commercial ventures.
The Final Resting Place: A Cemetery’s Swan Song
The investor of the My Phuoc Tay People’s Cemetery Park project (located in Lang Bien Hamlet, My Phuoc Tay Commune, Cai Lay Town, Tien Giang Province) had their land revoked by the Tien Giang People’s Committee due to failure to fulfill financial obligations.
The Thai’s Tireless Mit Fruit Harvesting Machine: Unlocking the Secrets of Their Success
Many are in awe of these sellers’ lightning-fast jackfruit-cutting skills.
The Ultimate Guide to Exporting Fresh Coconut from Tien Giang Province: Unlocking 49 Codes to Success in the Chinese Market
To meet the demands of exports and enhance the value of fresh coconuts, the General Administration of Customs China (GACC) has approved a list of region codes and packing facility codes for fresh coconuts from Tien Giang Province. Notably, 40 region codes have been assigned to coconut-growing areas, with the Cho Gao Coconut Cooperative alone receiving 10 codes. Additionally, 9 packing facility codes have been granted.
Supporting the North: Local Communities Donate Billions to Aid Provinces Affected by Storm Yagi
With a spirit of generosity and compassion, the provinces of Tien Giang, Quang Nam, and Dak Nong have come together to offer a helping hand to the northern provinces in the aftermath of Typhoon Yagi. Their collective donations amount to billions of dong, a testament to their empathy and solidarity with those affected by the storm.
