The price of Red Hot Chili has risen strongly in recent days. In some growing areas, the purchasing price is up to 70,000 VND/kg.
The Red Hot Chili price is increasing sharply. (Photo: Internet)
Currently, chili growing areas mostly serve the export market. Domestic consumption only accounts for about 10% of the total national production. When the northern border gate opened and the demand increased, the price of chili gradually increased.
Some chili growers in Huu Lung (Lang Son province) said: The price of chili has been increasing sharply these days, and traders come to the garden for buying. A few months ago, the chili price in Lang Son area was always the lowest in the country, at 10,000 VND/kg, but in recent days, it has increased to 48,000 VND/kg.
The purchasing price of Red Hot Chili in other areas has also moved accordingly. In Binh Dinh and Gia Lai, the prices are quite high, over 64,000 VND/kg. In other areas such as Dak Lak and Khanh Hoa, the price also increased to 55,000 -57,000 VND/kg. According to some gardeners, the quantity of chili harvested during the rainy season is often higher than in the sunny season because of the lower productivity and yields. Although the chili price has not returned to the peak stage of over 100,000 VND/kg, the current price is also a great encouragement for growers in the context of escalating costs and materials.
In the southern area, the chili price has also risen sharply. Some gardeners at Tien Giang said that they have sold for 70,000 VND/kg for several days.