Cocoa prices hit record high, farmers excited to expand acreage

Cocoa farmers in Ba Ria - Vung Tau are experiencing significant profit gains due to a surge in cocoa prices, which have tripled since last year, reaching nearly 230,000 VND/kg of dry beans. This has resulted in substantial profits for many growers, with some earning millions daily. The increased prices have also motivated farmers to expand their cocoa cultivation areas and switch to more sustainable and organic farming practices. The province is renowned for its high-quality cocoa due to its soil conditions and is actively promoting the deep processing of cocoa products for both domestic and international markets. Efforts are being made to expand cocoa cultivation while maintaining quality and focusing on sustainable and efficient intercropping methods, with support from local authorities and organizations for farmers to improve the value of their agricultural products.

Source: nongnghiep.vn Having just finished harvesting ripe cocoa pods, Mr. Vo Dinh Mot in Lien Hiep Hamlet, Xa Bang Commune, Chau Duc District (Ba Ria - Vung Tau) could not hide his joy. After more than 20 years of growing cocoa, he has never seen a price as high as this year. “Last year, the price of cocoa was only about 70,000 - 80,000 VND/kg of dry beans, this year it increased to 220,000 - 230,000 VND/kg, nearly 3 times higher. This whole crop, I harvested about 2.5 tons of beans, minus expenses, I still made a profit of more than 350 million VND, I have never been so excited,” Mr. Mot shared. The price of fresh and dry cocoa beans in Ba Ria - Vung Tau is at an unprecedented high. Photo: nongnghiep.vn Many cocoa growers in Chau Duc district are also having a bumper crop with record high prices. Mr. Nguyen Van Duc, Deputy Director of Chau Duc Cocoa Cooperative, said that many households earn millions of dong every day thanks to cocoa fruit. Mr. Nguyen Huu Nong, owner of a ...