Since the Lunar New Year, the price of black pepper in Phu Quoc Island sold at the garden ranged from 120,000 VND to 130,000 VND / kg. But until now, black pepper price was only 75,000 – 80,000 VND / kg, down more than 50,000 VND / kg.
Due to the low price of pepper, Mr. Tran Quoc Duong’s family in hamlet 4 of Cua Can commune still stockpile more than 2 tons of pepper, as if they sell at current prices, the owner will suffer heavy losses.
“The price was low so the family saved a few tons. The family does not owe the bank so they do not have to worry, but the newly-born farmers have to borrow bank loans, with interest rates along with fertilizers care, with the price will hold firmly, “Duong said.
According to Duong, the price of pepper decreased but the cost of hiring labor did not decrease. Therefore, if pepper prices do not increase, forcing farmers to do their own to make profit.
Pepper prices also cause households to buy pepper losses. Bright Pepper Pepper buying facility in Block 5, Duong Dong Town now has more than 30 tons of pepper residue. The pepper is purchased by the family for 120,000-130,000 VND / kg in the middle of the harvest. But at the current price, the base is losing over 1 billion.
“The general situation of pepper households on Phu Quoc Island as well as enterprises are very difficult. The pepper price was lower than at the beginning of the harvesting business, so the enterprises could not sell. Gardeners who produce pepper at this price will not be enough to cover the costs, “he said.
Currently, Phu Quoc district has nearly 500 hectares of pepper, of which 70% of the area is collecting fruit, with output over 1200 tons. However, with the traditional way of cultivating land, fertilizers and public care, farmers inadvertently pushed up the cost of Phu Quoc pepper prices twice as much as land.
Therefore, when the price of pepper to slope down to 75,000-80,000 VND / kg is causing the owners of pepper gardens in Phu Quoc island have difficulty in mobilizing capital for reinvestment in production.
(According to CafeF)
