Business News
Farmers chop down coffee plants as coffee prices drop | Farmers chop down coffee plants as coffee prices drop |
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Friday, 26 February 2010
Written by Administrator
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The domestic coffee price
dropped from 23,700 dong per kilo in early February to 22,500 dong per
kilo on February 23, a sharp decrease of 1,500 dong per kilo.
Meanwhile, the petrol and
oil prices increased two times within one month. The latest price
increase of 590 dong per litre on February 21 has made farmers
miserable.
Farmers now have to water
coffee plants since it is now the dry season, and higher oil and petrol
prices mean higher cost which burden the poor farmers.
“The God gave rain before
Tet, which helped us keep going until now,” Nguyen Van Thanh, 41, told
Tuoi tre reporters. “Coffee plants are fading. We have to water them
immediately,” he added.
Thanh has 4,000 coffee
plants and he has to use two watering machines and hire two persons to
water both day and night. In order to ensure enough water for coffee
plants in the dry season, Thanh will have to water 100 liters of water
for every plant.
“Coffee price drop, oil
price go up, investment cost goes up. We are sure to make a loss if we
pour money into coffee plants,” Thanh complained.
“We need nine coils of hose
(500 metres per coil) to bring water to the coffee fields high in the
hills,” said Nguyen Van Tuong, 56. “Every hour of watering gobbles 2.5-3
litres of oil. We have to borrow money to purchase oil to fuel the
process of watering plants,” Thuc, said sadly.
Meanwhile, many others are
fed up with coffee plants. Sinh, a farmer, said that he was going to
chop down his 500 coffee plants. “We will grow other plants. We cannot
bear such a high loss with coffee plants any more,” he said.
Besides the coffee fields
being watered, there are many uncared for fields. Local residents told
Tuoi tre reporters that as plants are about to be chopped down and they
do not need care any more.
Thang, 34 in Dak Sak said that he will not waste money on coffee plants any more, but he will grow vegetable, breed fish or livestock. “If I grow vegetables, I will be able to earn 7-10 million dong per every 360 square meter of land.”
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Last Updated ( Friday, 26 February 2010 )
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