Typhoon Yagi Scrambles Vietnam’s Lunar New Year Tradition

Published On Jan 28, 2025, 8:00 PM

Extreme weather conditions, including a recent typhoon and unusual heat, have severely impacted the harvest of kumquat trees in Vietnam, a significant cultural symbol for the Lunar New Year. This disruption has caused prices for kumquats to fluctuate dramatically, initially rising due to scarcity and then falling due to reduced demand. Many farmers are facing losses and have unsold inventory as consumers opt for less expensive options. This situation reflects the challenges faced by the ornamental plant market in Vietnam during a culturally important time.

Stock Forecasts

DBVT

Negative

The situation suggests a short-term negative impact on companies and agricultural sectors related to ornamental plants and fruit production in Vietnam. However, if demand resumes for celebratory items like kumquats in the future, recovery may occur.

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