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Dragonfruit association denies price-fixing

Dec 29th at 23:34
29-12-2012 23:34:22+07:00

Dragonfruit association denies price-fixing

Bui Dang Hung, chairman of Binh Thuan Dragon Fruit Association, yesterday rebutted rumours that local businesses made an agreement with each other to buy dragonfruit at a low price from local growers in central Binh Thuan Province.

The rumour is believed to have been started by a misunderstanding between the association's vice chairman and the head of a group of dragonfruit entrepreneurs.

Statistics from the local Industry and Trade Department show that the province has 152 producers who purchase dragonfruit from local growers.

According to Hung, the involved group of ntrepreneurs only count 23 producers as members, making it impossible for them to make a price-fixing deal with each other.

Dragonfruit currently costs about VND11,000 (US$0.5) per kilo, VND4,000 down on the same period last year.

vietnamnews

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