China buys cheap areca nuts to make candy, then sends them back to Vietnamese markets to sell for 3.3 million/kg

The article explores the volatile market for areca nuts, driven by Chinese demand for their use in traditional medicine and candy production. While areca nuts are common in Vietnam, the domestic market is limited, resulting in substantial exports to China. The market has seen price fluctuations, with recent spikes followed by declines as Chinese buyers fulfill their supply needs. Areca nuts are used to produce a popular candy in China, which is sold at high prices in Vietnam, especially during cold weather when demand increases. Despite its cost, the candy remains popular and is widely distributed by wholesalers like Mr. Nguyen Van Quang.

These days, areca nuts are as expensive as gold, areca nuts have reached a record high, areca nuts have plummeted, etc., becoming "hot" keywords, because China has stepped up purchasing them as raw materials for production, then stopped "buying goods". In our country, areca nuts are quite familiar to people. However, the market for this fruit is quite narrow. Because they are only used in weddings, betel chewing customs, and are the fruit bought to burn incense during Tet holidays. Therefore, in addition to a small amount consumed in the domestic market, a large amount of areca nuts are for export. Some provinces in our country such as Quang Nam, Quang Ngai, Thanh Hoa... have quite large areca nut growing areas for export. The main customers buying areca nuts from Vietnamese farmers are Chinese. In this country of a billion people, areca nuts are used as a precious medicine. In Oriental medicine, areca nuts are used to treat a number of diseases related to the digestive system, ...