Local farmers in the Mekong Delta are in despair as price of fruits is falling drastically even as they are entering peak harvest season.
|Fruit prices have tumbled during peak harvest season in the Mekong Delta (Photo: SGGP)|
Doan Ngo Festival, on the fifth day of the fifth lunar month, is also peak fruit harvest time in the Mekong Delta. However, fruit prices have tumbled in several provinces like Ben Tre, Vinh Long, Tien Giang, Hau Giang, Can Tho, Soc Trang.
Cat Chu mango, a specialty of Cao Lanh District of Dong Thap Province, is fetching only VND2,000-4,000 a kilogram.
According to Tran Van Nam, a trader in South Can Tho Market, the price was VND23,000-30,000 a kilogram in early March.
Huynh Van Tan, a farmer from Tinh Thoi Commune in Cao Lanh City of Dong Thap Province, said that several farmers have lost interest in harvesting their fully ripe mangoes from the trees, choosing to let the fruit rot in the orchard.
Nam Roi grapefruits are also getting similar treatment in Vinh Long and Hau Giang Provinces. In early May, grapefruit price was VND25,000-30,000 a kilogram. The rate has plunged to only VND5,000-7,000 a kilogram now.
Nguyen Van Khanh, a farmer in Phu Huu Commune of Chau Thanh District in Hau Giang Province, said that a kilogram of grapefruit brought him VND10,000-12,000 a kilogram in the same period last year. This year, prices have fallen sharply but still traders have not shown interest.
Mangosteen price has reduced by VND8,000-10,000 to fetch only VND20,000-25,000 a kilogram in Chau Thanh District in Hau Giang Province and Ke Sach District in Soc Trang Province.
Durian price has fallen by an average of VND3,000-5,000 a kilogram compared to the beginning of June.
Retail price of rambutan is only VND5,000-7,000 a kilogram now, VND10,000-13,000 lower than in the beginning of May in Vinh Long Province and Can Tho City.
Blue dragon fruits lie in huge piles and priced at VND3,000-4,000 a kilogram alongside roads leading to Can Tho City.
Low prices and unstable demand has also put orchards under the Global Good Agricultural Practice (Global Gap) Standards at risk of bankruptcy.