Illustrative image (Photo: VNA) According to the Ben Tre Coconut Association, the price ofcoconuts fluctuated in the range of 25,000-45,000 VND (1.1-1.9 USD) for 10coconuts in the province at the beginning of this year.
However, it has increased to 35,000 - 75,000 VND depending on thetype and quality.
At the beginning of the year, the price of fresh coconut was only 15,000- 20,000 VND for 10, it has now tripled to between 60,000 to 65,000 VND.
Ben Tre’s Department of Agriculture and Rural Development saidthat the reason why coconut prices rose was thanks to the increase in worldcoconut prices.
Although the coconut area of the province is the largest in thecountry, it is very small compared to the world, so the price of coconutdepends greatly on the world market.
The domestic coconut market has many positive signals after thenews that the US officially opened to Vietnamese husked coconut.
After more than two years of decline, the sharp increase in theprice of coconut made coconut farmers very excited, because coconut trees arethe main source of income for many households. Besides, some businesses havealso started planning to export this item.
Vietnam ranks seventh in coconut production worldwide with an areaof over 188,000 ha, mainly concentrated in the Mekong Delta.
The country’s coconut area accounts for 1.67% of the world's area,2.07% of Asia's coconut area.
Coconut export turnover is estimated at 900 million USD last year, making Vietnam the fourthlargest exporter of coconut products in the Asia-Pacific region.
Currently, there are about 854 enterprises manufacturing andprocessing coconut products with many different types and sizes of activitiessuch as processing coconut shells, copra, coconut juice to solve jobs for morethan 15,000 employees.
Currently, there are more than 90 enterprises exporting coconutproducts, of which, 42 have exported deeply-processed products.
The coconut industry strives to export coconut and coconutproducts to reach over 1 billion USD./.
VNA
