Soi Ha grapefruit prices plummet over 80% amid market saturation

by

The region of Tuyen Quang, Vietnam, specifically in Xuan Van commune, Soi Ha grapefruit is an important product of the agricultural sector. It is distinguished by its light and thin yellow skin, juicy pieces with a sweet, sour taste is experiencing a dramatic change in the market’s pricing. In the past, Grade 1. Soi Ha grapefruit was available at a price of $0.69-$0.86 (16.000-20.000 VND) per pound, and sizes between 0.8 and 1.2 kilograms.

Recent developments have revealed the drastic drop in price as online sites offer fruits for less than a quarter of the cost it was originally and a drop by more than 80percent. Based on the experience of Mrs. Linh, a sales representative from the region current strategies include selling the fruits by bag and a box of 70 fruits selling for around $8.59 (199.000 VND) which is equivalent to $0.13 (3.000 VND) for each fruit. These are generally grade 2, 3 and 4, have a smaller size, yet they maintain their quality requirements. In cities such as Hanoi or Ho Chi Minh City, the cost per fruit ranges between $0.43 up to $0.52 (10.000-12.000 VND).

Wholesalers from Hanoi like the Ms. Nguyen Thi Hang, are faced with varying prices. smaller-sized fruit beginning from $0.09 (2.000 VND) for a bulk purchase. Market saturation in the peak harvest time, and the rise in Soi Ha grapefruit cultivation, is causing a excess, which has driven prices down. This is exacerbated by the simultaneous harvest of various other varieties of citrus across northern provinces.

Despite the current market conditions local farmers who are located in Xuan Van report stable prices for Soi Ha grapefruit in the garden, with the grade 1 grapefruit fetching upwards of $0.69 (16.000 VND) for each. Tuyen Quang’s Department of Cultivation and Plant Protection makes clear the distinctiveness in Soi Ha fruit in the context of an OCOP product and warns consumers against counterfeit, low-cost goods. The small area for cultivation of approximately 100 hectares within Xuan Van does not support the idea of exceptionally cheap market prices, highlighting the importance of vigilance for consumers.

Source: Vietnam.VN

Related Agroforestry News Posts:

  1. Anyone has ever seen the Star-shaped grapes that hail from Japan? Evidently, fake images of the shape of grapes in a star have been circulated on the internet for a long time. The internet has led some to think they’re a authentic fruit that comes originated from Japan. But, experts in...
  2. Gamers are now raiding vegetable patches, not Loot boxes during the #ModTheVeg campaign” As a novel way to combat the widespread use of unhealthy food advertising in the gaming world, Knorr has embarked on an awareness campaign that highlights the advantages of eating vegetables. The company, which is a subsidiary of Unilever known...
  3. The production of citrus in Syria is declining due to challenges and contradicting estimations Bassam Ali, the head of the Citrus Export Committee, disclosed that the present production of citrus in Syria estimates 250,000 tonnes, a number that is different from the estimate of the Ministry of Agriculture of 360,000-400,000 tonnes. The discrepancy reveals...
  4. “Our Argentina citrus pack house is at the half-capacity due to dryness, and we are unable to deal with the demand” The Argentine citrus season of 2023 will soon come to a close there is a huge demands in their major export markets, however because of the severe drought, and other issues they’re unable to offer sufficient supplies. “Due because of...
  5. The negative impact that social media have had on the production of the technology industry A variety of shelf-life extension techniques are being developed in the last few times. One is a coating made of plants that stops the loss of water as well as oxidation which is the most common cause for food products...

Source: The Plantations International Agroforestry Group of Companies