Eng English
China 中国人

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
  • Trở lại Thể thao
  • Business
Saturday, 6/9/2025 | 09:56 GMT+7

Cassava farmers face losses as prices plummet

Cassava prices have halved, fluctuating between 2,100 and 2,500 dong per kilogram, resulting in losses of 10 to 20 million dong per hectare for farmers.

On a September morning, 50-year-old Nguyen Thanh Tung joined a group of workers harvesting cassava in Tan Hoi commune. Tung has over 10 years of experience cultivating cassava. He plants one crop annually, typically starting in the 10th lunar month and harvesting after six months.

Workers and a tractor collect cassava at Vu Tai Quang's field on the morning of 4/9. Photo: Hoang Nam

Workers and a tractor collect cassava at Vu Tai Quang's field on the morning of 4/9. Photo: Hoang Nam

During this same period in previous years, cassava with a 30% starch content fetched between 3,000 and over 4,000 dong per kilogram. Farmers invest approximately 30 million dong per hectare. With yields ranging from 30 to 40 tons per hectare, they typically profit between 50 and 120 million dong after deducting expenses.

Anticipating similar profits, Tung leased additional land this year, totaling over 30 hectares including his own, at a cost of nearly 30 million dong per hectare per season.

This season, the region's main cassava varieties, such as KM505, HN1, and KM140, yielded well, averaging 35 to 38 tons per hectare, with some areas exceeding 40 tons.

Despite the bountiful harvest, Tung and many other farmers find themselves in the frustrating situation of "abundant harvest, low prices."

Since the beginning of the year, cassava prices have continuously decreased, ranging from 1,500 to 1,900 dong per kilogram. Except for those farming their own land and offsetting losses with their labor, most farmers leasing land are experiencing significant losses.

"After calculating fertilizer, medicine, and labor costs, I estimate a loss between 100 and 200 million dong this season," Tung stated.

Five kilometers away, 34-year-old Vu Tai Quang and a team of 10 workers were also harvesting and loading cassava onto trucks. Quang has been a cassava trader for over 10 years. Each year, at the start of the season, he assesses the young cassava plants and pays farmers upfront, ranging from 30 to 50 million dong per hectare depending on quality. This year, Quang purchased approximately 100 hectares of cassava.

He typically hires workers to harvest and transport 20 to 30 tons of cassava daily from the fields to a factory 10 kilometers away.

"I bought the young cassava at a high price, but now the harvest price has dropped, resulting in a loss of 5 to 7 million dong per hectare this season," Quang explained.

Hun Son and his team harvest cassava. The wage is 300,000 dong per ton. Photo: Hoang Nam

Hun Son and his team harvest cassava. The wage is 300,000 dong per ton. Photo: Hoang Nam

Many farmers say this is the first time in nearly 10 years that cassava prices have dropped so drastically. Facing these losses, the cost of labor and harvesting has become another major concern.

Because cassava harvesting is labor-intensive, most workers are Khmer people living in the border area.

45-year-old Hun Son, a Khmer man, has worked with his wife and son harvesting cassava for over 10 years.

To make the most of the cooler hours and avoid the heat, they start work at 1 a.m., using headlamps. The harvesting is usually completed by 6 a.m., followed by cutting the stems, piling the cassava roots, and loading them into baskets for transport by tractor.

On average, one person can harvest about two tons of cassava per day, earning 300,000 dong per ton.

"My family earns nearly 2 million dong per day, and we're paid weekly," Son shared.

This season, Tay Ninh province has over 46,200 hectares of cassava, mainly concentrated in the communes of Tan Chau, Tan Hoi, Tan Phu, Tan Thanh, Tan Hoa, and Tan Dong. Tay Ninh is one of the provinces with the largest cassava cultivation areas in the country. To date, farmers have harvested over 18,300 hectares, with an average yield of over 33 tons per hectare.

Dinh Thi Phuong Khanh, Deputy Director of Tay Ninh's Department of Agriculture and Environment, attributes the price drop to limited export markets.

Cassava prices have fallen by approximately half, leading to losses of 10 to 20 million dong per hectare for farmers leasing land. Photo: Hoang Nam

Cassava prices have fallen by approximately half, leading to losses of 10 to 20 million dong per hectare for farmers leasing land. Photo: Hoang Nam

Approximately 90% of Vietnam's cassava production is exported to China. Recently, China has reduced its import of cassava chips due to its economic slowdown. With lower global corn prices, Chinese animal feed processing plants have increased their use of corn as a substitute for cassava chips, significantly reducing demand.

Additionally, high cassava prices in recent years led to expanded cultivation and increased supply, putting downward pressure on prices when export markets face challenges.

To avoid this recurring cycle of "bumper crop, falling prices," the provincial agricultural sector is working to promote trade and explore new export markets beyond China to reduce dependence. Local authorities are also supporting and connecting local processing enterprises with farmers to establish stable production and consumption chains, ensuring a stable outlet for cassava products. Domestic enterprises are encouraged to increase their use of domestic cassava starch in products like E5 and E10 biofuels, replacing imported materials.

Hoang Nam

By VnExpress: https://vnexpress.net/nong-dan-thua-lo-vi-khoai-mi-rot-gia-manh-4935565.html
Tags: cassava price drop cassava Tay Ninh

News in the same category

Central Retail Vietnam named 'retailer of the year 2025'

Central Retail Vietnam named 'retailer of the year 2025'

The company received the award for its contributions to the development of a sustainable supply chain, bringing fresh and safe agricultural products to Vietnamese consumers.

Serbian scientists train worms to devour plastic

Serbian scientists train worms to devour plastic

Mealworms are being trained by Serbian scientists to consume polystyrene plastic, a material that typically takes 500 years to decompose.

Ba Na Hills operator reports strong first-half profits

Ba Na Hills operator reports strong first-half profits

Banacab, the company operating the cable car system and Ba Na Hills resort, reported profits of over 846.5 billion VND, a 78% increase compared to the first half of last year.

FWD Vietnam opens new office in Ho Chi Minh City

FWD Vietnam opens new office in Ho Chi Minh City

FWD Vietnam opened its new nearly 1,000 m2 Business and Customer Service Center at Sky Gate building, Ho Chi Minh City, on 5/9.

Prime minister addresses gold market manipulation

Prime minister addresses gold market manipulation

Prime minister Pham Minh Chinh has directed relevant agencies to address manipulation and price gouging in the gold market.

Trump's tariff refunds: A complex challenge if Supreme Court rules against him

Trump's tariff refunds: A complex challenge if Supreme Court rules against him

Businesses could receive refunds if the Supreme Court deems Trump's tariffs unlawful, but experts warn the process will be arduous.

Gold bar prices surpass 135 million VND

Gold bar prices surpass 135 million VND

The price of a gold bar increased by 1 million VND this morning, reaching a new record high of over 135 million VND, maintaining a 20 million VND difference compared to the global market.

Musk could receive $1 trillion from Tesla

Musk could receive $1 trillion from Tesla

Tesla's board of directors has proposed awarding CEO Elon Musk a $1 trillion compensation package, the largest in US corporate history.

Da Nang attracts over USD 333 million in FDI

Da Nang attracts over USD 333 million in FDI

The AIDC DeCenter data center phase one, with an investment of USD 20 million, and the USD 80 million Fab-Lab for semiconductor chips are among the notable FDI projects in Da Nang.

Kixx unveils new brand identity

Kixx unveils new brand identity

Kixx introduced its new brand identity on 5/9, commemorating its 20th anniversary and marking a strategic shift in its global journey.

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
FPT Tower, 10 Pham Van Bach Street, Dich Vong Ward,
Cau Giay District, Hanoi, Vietnam
Email: contacts@vnportal.net
Tel: 028 7300 9999 - Ext 8556
Advertise with us: 090 293 9644
Register
© Copyright 2025 vnnow.net. All rights reserved.
Terms of use Privacy policy Cookies