Although the price of dragon fruits for the Tet market plunged drastically, in the first days of the new year it has unexpectedly gone up again. While this is a positive for growers in Binh Thuan Province, they are worried as well.
The price of dragon fruits on the Lunar New Year was merely at VND7,000-8,000 per kilogram or about VND10,000 per kilogram at its peak. Therefore, farmers lost income, and many households suffered heavy losses.
Growing out-of-season dragon fruit is costly. If the price reaches about VND10,000 per kilogram, growers can only recoup their investment cost. If the price is below this level, they will lose money. Dragon fruit farmers often rely on the crop for the Tet holiday, so most farmers urge dragon fruit plants to give fruits, leading to a plentiful supply. As a result, the price will decrease.
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