Prices of American cherries have fallen to a new low of VND250,000 ($10.53) per kilogram in Vietnam. Stores now sell red cherries at VND250,000-340,000 and yellow cherries, considered more premium, at VND350,000. A seller in HCMC’s Tan Binh District, said she now sells a box of five kilograms for VND1.2 million, the lowest price at which she has ever sold.
Retail chains such as Co.opmart, MM Mega Market and Go! are selling it at around VND300,000 per kilogram.
According to the USDA National Agricultural Statistics Service, output is expected to be 371,000 tons this year, up 60% from 2022. The US consulate in HCMC said American authorities are working with their partners in Vietnam to introduce high-quality American products to consumers.
