HANOI: Soon after Vietnam announced a decision to suspend the import of five agricultural commodities from India, due to concerns over infectious insects, India decided to halt the import of six Vietnamese agro-products, namely dragon fruit, cassava and other products.
According to Nguyen Mai Oanh, deputy chair of the Vietnam Pepper Association (VPA), India is Vietnam’s third largest market, after the US and the UAE.
“We are still awaiting official information from the Indian and Vietnamese agencies after the two sides have worked on the issue,” she said.
Duong fears that the information may force farm produce prices down in the domestic market. The price decreases would give golden opportunities to foreign companies, including Indian trade companies, to lower the prices of Vietnam’s farm produce.