After there was information that Vietnamese coconuts would be exported to the US, the price of fresh coconuts in the Mekong Delta rose again.
The news that the US has officially opened its doors to Vietnamese coconuts is causing the domestic coconut market to have many positive signals. Some businesses have started planning to export this item.
Immediately after the information that Vietnamese coconuts shall be exported to the US, the price of fresh coconuts in the Mekong Delta area increased again after a quiet period. If at the beginning of 2023, the price of fresh coconut was only 15,000 – 20,000 VND/10 pieces, it has now increased to 60,000 – 65,000 VND.
Coconut prices rose sharply again after more than two years of decline.
The sharp increase in coconut prices after more than two years of decline makes farmers very excited. Because coconut is the main source of income for many households.
Currently, Vietnam ranks 7th in coconut production worldwide. The area of coconut cultivation is about 188,000 ha, concentrated mainly in the Mekong Delta. In Ben Tre, Tra Vinh, Tien Giang, and Vinh Long provinces alone, the total area has exceeded 130,000 ha.
Last year, Vietnam’s coconut export turnover reached 900 million USD, making our country the 4th-largest exporter of coconut products in the Asia-Pacific region. If other product groups using coconut ingredients are included, this industry may reach the billion-dollar export group./.