As China has unexpectedly stopped collecting bananas, a large amount of Vietnamese bananas remains unsold, including 20,000 tons in Lao Cai and Lai Chau alone. Taskforce 3430 under Vietnam’s Ministry of Agriculture and Rural Development claims that because of Covid-19 produce consumption has dropped.
In Lao Cai, for example, vegetables have been selling more slowly than the same period of previous years, while the prices have decreased by VND2,000 per kilogram. Lao Cai residents expect to harvest 17,500 tons of bananas in September-November, but they don’t know where to sell the bananas as China has stopped transactions.
In Lai Chau, the interruption in demand from China has also led to a high inventory of 3,000 tons of bananas. Meanwhile, local farmers will harvest 4,000 tons more in September.
To help boost exports, the taskforce has asked ministries to negotiate with Chinese agencies to help improve circulation of farm produce. It has also urged local authorities to apply measures to encourage enterprises to collect fresh farm produce from farmers for processing.