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Sweet potato export prices see large spike

Feb 26th at 22:32
26-02-2013 22:32:25+07:00

Sweet potato export prices see large spike

After the Lunar New Year, the export price of purple sweet potatoes sharply increased to the highest level seen in recent years.

Prices currently range between VND1.2-1.3 million (US$57-62) per 100kg, said Huynh Van Quan, deputy head of Tan Thanh cooperative in the Mekong Delta province of Vinh Long. He attributed the surge in price to Chinese traders’ large volume purchases, combined with the Mekong Delta’s failure to provide enough potatoes to meet the increasing demand because the harvest had already concluded.

White sweet potatoes are now sold at VND370,000 ($18) per 100kg, ensuring profits for farmers.

vietnamnews

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