The market is struggling with supply, not enough demand to push prices up

HOÀNG LỘC |

When the ruoi mua began to get into the harvest season, the market should have been bustling with abundant supply. However, farmers have no fruit to sell even though the price has reached a record high.

This situation not only causes many difficulties for both growers and traders in the short term but also raises big questions about long-term agricultural production strategies.

Mr. Nguyen Ngoc Nhan - Chairman of the Board of Directors, Director of Binh Hoa Phuoc Turtle Cooperative - said that his cooperative has 66 members with about 42 hectares, specializing in growing 3 main types of shrimp: Java, Thai and sugar shrimp. It is noteworthy that this entire area is treated for fruit in the off-season, that is, from October of the previous year until after Tet, the ripe fruit will be harvested. Currently, everyone does not have ripe fruit to sell.

"Off-season production plans help cooperative members harvest at the right time when prices are high and avoid the situation of "collisioning goods" with large output, but leave them "empty-handed" right when the market is in need. According to the production plan, by the end of August 2025, the members of the cooperative will not have shrimp to sell" - Mr. Nhan shared, a regretful voice.

This fact was also confirmed by Ms. Nguyen Thi Minh - a veteran trader who bought agricultural production and supply of Ho Chi Minh City, Binh Duong - Binh Duong - Binh Duong. Ms. Phu said, currently, in the communes of An Binh islet, Long Ho district, the number of rambutan until the ripe season is very small, accounting for less than 10% compared to previous years. "This means that the purchasing bowls, traders do not have enough goods to meet the market demand. This scarcity is pushing the rambutan price up unprecedented, creating a script" not enough demand "at the beginning of the crop" - Ms. Minh added.

According to Ms. Minh, the prices of ruoi com purchased in the garden are high, such as: Thai ruoi com from 50,000 - 55,000 VND/kg for the beautiful variety, many times higher than previous years. Meanwhile, Java ruoi is also at 20,000 - 25,000 VND/kg and if it is an exported product, the price is up to 35,000 - 40,000 VND/kg. These are "dream" prices for farmers.

Mr. Pham Minh Phu in Binh Hoa Phuoc commune, Long Ho district, Vinh Long province said that the joy of high ruoi ruoi prices has turned into a regret when most people have no output to sell. "Although we know the market price, we can only look at other people selling because the home garden has not yet reached the harvest. Knowing that the price is so high that there are no fruits to sell, it is a pity" - Mr. Pham Minh Phu, a member of the Cooperative - added.

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