Salt prices rise due to decline in production

An Van Khanh, deputy director of the Department of Processing and Trade for Agro-Forestry-Fisheries Products and Salt Production said that a decline in the country’s salt production has raised salt prices by 50-60 percent.

Vietnam produced around 800,000 tons of salt in the first 11 months of the year, a significant decline of 32 percent as compared to the same period last year, Khanh said.

Currently, salt traders are purchasing salt at VND2,400 per kilogram in the south central regions and southern Vietnam. While two months ago, salt was being purchased for VND900-1,300 per kilogram in the North, VND500-700 per kilogram in the central and southeast regions and VND900-1,700 per kilogram in the Mekong Delta.

Traders are stepping up salt purchase towards the end of the year. Salt traders in the north agreed to purchase black salt from salt granaries in the south because of a severe shortage of white salt.

By V.Phuc – Translated by Son Ha

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