Thai jackfruit price increases sharply in Mekong Delta

Many traders have been seeking to buy Thai jackfruit in the Mekong Delta, causing the price to go up from VND50,000 to VND60,000 VND per kilogram, which ensures high profits of hundreds of millions of Vietnamese dong per hectare per year for farmers, according to the Department of Agriculture and Rural Development of Chau Thanh District in Hau Giang Province.

Chau Thanh District currently has nearly 5,000 hectares of Thai jackfruit and is the place with the largest growing-area of Thai jackfruit in Hau Giang Province.

In Tien Giang, Dong Thap provinces, and Can Tho City, many farmers are also excited because of the high prices of Thai jackfruit. According to the Ministry of Agriculture and Rural Development, it is expected that in 2020 the total output of 13 key fruits in the South, including jackfruit, will exceed 5.1 million tons, up 7 percent compared to last year. Particularly, the production of jackfruit hovers around 381,800 tons, up 24 percent compared to last year.

However, authorities warned that provinces should be cautious about expanding the growing area of Thai jackfruit. The price of Thai jackfruit is often unstable due to dependence on exporting to the Chinese market. Particularly, in May this year, the price of Thai jackfruit in the Mekong Delta fell to VND4,000-VND8,000 per kilogram, as export to the Chinese market decreased due to the impacts of the Covid-19 pandemic.