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Oversupply and low demand lower avocado prices by 20% in Ho Chi Minh City

The price of avocado 034 from the Central Highlands, Vietnam's largest avocado-growing area, has dropped 20% year on year thanks to oversupply and low demand during tough economic times. The unique varietal is currently selling for VND15,000-30,000 (US$0.64-1.27) per kilogram at markets and on the streets of Ho Chi Minh City.

One trader, who buys agricultural products in the Central Highlands region and sell them to wholesalers in HCMC, said she currently sells a few hundred kilograms of avocado each time she visits the city, down from 5-10 tons during the same period last year. As avocado sales in the city have shrunk, the fruit’s exports to Cambodia and Thailand have also decreased 20% year-on-year, she added.

Source: e.vnexpress.net

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