Chilli price in the central province of Quang Ngai has reached a record-high rate of 36-38,000 VND (1.67-1.75 USD) per kilogramme.
With this price, farmers have made a profit of about 25-30 million VND (1,160-1,400 USD) with 360 square metres.
Le Tan Thuong, a farmer from Binh Duong commune in Binh Son district , said his family is going to use the increased profit to invest in expanding his chilli cultivation area since the profit from chilli is five-fold that of paddy rice.
According to Phan Van Ba from Quang Ngai city, strong demand for chilli in China is contributing to the price increase.
Binh Duong commune grows about 100 hectares of chilli annually.-VNA
With this price, farmers have made a profit of about 25-30 million VND (1,160-1,400 USD) with 360 square metres.
Le Tan Thuong, a farmer from Binh Duong commune in Binh Son district , said his family is going to use the increased profit to invest in expanding his chilli cultivation area since the profit from chilli is five-fold that of paddy rice.
According to Phan Van Ba from Quang Ngai city, strong demand for chilli in China is contributing to the price increase.
Binh Duong commune grows about 100 hectares of chilli annually.-VNA
