Raw mature coconut prices hit new peak

At the moment, many traders are actively looking to buy coconuts, but the supply simply cannot keep up with demand. According to coconut buyers in Bến Tre, many coconut gardens are in their off-season and not producing as much fruit, with yields dropping by more than 50% compared to normal. Meanwhile, the processing needs of coconut companies remain high. This imbalance between supply and demand is pushing prices even higher.

In previous years, low coconut prices made it difficult for farmers to care for and invest in their coconut gardens. On top of that, pests such as black-headed caterpillars have been attacking the trees, causing further losses. Without better prices, farmers often lack the funds needed for proper maintenance. Now that coconut prices have improved significantly, farmers can earn more, invest in better cultivation practices, and improve the overall quality of their coconut products. This creates opportunities for both domestic sales and export markets.

Looking ahead to the 2024–2025 period, Bến Tre plans to maintain a stable coconut-growing area of around 79,000 hectares. The province is also focusing on developing large-scale, specialized coconut farming zones. These will be connected to value chains, apply advanced farming technologies, and support the circular economy through deep processing of coconut products.

According to the Bến Tre Department of Agriculture and Environment, local authorities have been implementing strategies to build concentrated farming areas and form stronger links between farmers and businesses. Many companies are now working directly with coconut growers to build certified raw material zones that meet international quality standards. This not only ensures a stable supply of coconuts for businesses but also gives farmers better income, access to broader markets, and an improved brand reputation for Bến Tre coconuts.

In addition, provincial agencies are actively supporting farmers with technical training to help them maintain productivity and quality during droughts and saltwater intrusion. Farmers are also being encouraged to join cooperatives and production groups, allowing them to better connect with companies, form value chains, and build a more sustainable future for the coconut industry in Bến Tre.