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Coconut prices bounce back after sharp drop during Covid
☀️ Prices of dried coconut in Ben Tre Province, the Mekong Delta coconut-farming hub, have recovered to VND3,300-4,200 (US$14-18 cents) per fruit after falling steeply in the last two years.
🦠 Before the pandemic prices used to be VND5,800-6,700 for dried coconuts, enabling him to earn VND6-10 million a month by selling them.
🗺️📌 Southern province Ben Tre has over 74,000 hectares of coconut orchards, or 50% of the country’s total area, and an annual output of 690 million dried coconuts, whose copra is used for processing including oil extraction. Some 62% of the province’s population depends on coconut trees for its main source of income.