Chinese traders disturb the pepper market

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Pepper impurities are also collected by agents

With the guise of going to agents to order high prices and then trying to sell their purchased goods, Chinese traders have caused a disturbance in the pepper market in the Central Highlands, causing damage to people and authorized dealer.

Economic Security Department – Police of Dak Lak province has just sent an official dispatch to the police of districts, towns and cities to promptly detect the behavior and tricks of some Chinese traders and report in writing. copies to the provincial police; at the same time, propagandize agribusiness enterprises to be vigilant against tricks of Chinese traders.

Accordingly, from about April 2015 up to now, the Economic Security Department discovered that some Chinese traders have come to the province to collect pepper, flat pepper, and impurities of pepper from farmer households with a number of large quantity, the price is higher than the market price from 3,000 VND to 10,000 VND.

After collecting, Chinese traders continue to deposit money, sign contracts with businesses and agents trading agricultural products at very high prices, the purpose of creating a scarcity of goods in the market. At the same time, the source of goods in the people is no longer available, businesses and agents have no more goods to deliver, so Chinese traders through Vietnamese traders use the previously collected goods to sell to businesses, agent and finally cancel the signed contract.

Businesses are embracing pepper according to orders from Chinese traders

Enterprises in Cu Kuin district, Dak Lak, are holding hundreds of tons of pepper according to the orders of Chinese traders.

Businesses and agents hold hundreds of tons of pepper bought at high prices from Chinese traders or collected from other sources but cannot sell under signed contracts. “The tricks of Chinese traders only take place in a short time, corrupting the market, causing damage to people, agents and businesses dealing in agricultural products in the province,” the official dispatch stated.

Previously, Nguoi Lao Dong Newspaper reported that many agents and companies buying agricultural products in Dak Lak province hugged hundreds of tons of pepper, flat pepper, and impurities of pepper at high prices after being sold by traders. China came to order but did not take.

According to Mr. Huynh Ngoc Duong, Deputy Director of the Department of Industry and Trade of Dak Lak province, the department has held a meeting with businesses and purchasing agents of agricultural products to warn and notify the authorities whenever there are signs of signs. abnormal signal. According to Mr. Duong, this situation has also happened with other agricultural products in Dak Lak province.

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