With the bold decision of a farmer who has never been a commodity speculator, the Hero in Chau Duc (BRVT) has become famous in the region thanks to “surfing” pepper.
Like many other families in the district that grow the most pepper in the country, Mr. Truong Van Hung (Lang Lon commune, Chau Duc district, Ba Ria-Vung Tau) has some areas of pepper and coffee trees and fruit trees. Over the past few years, thanks to valuable pepper, he has built spacious houses, bought many modern amenities …
Mr. Hung said, this year, after the harvest, he sold some to spend, and left more than 3 tons. Many times the price went up and down, he was worried. On August 5, the trader offered 115,000 dong and he and his sister's family nearby decided to sell socks, totaling 5.2 tons and over 640 million dong. After the traders came to the home to deliver money, pepper prices began to drop sharply.
There is nothing worth saying if things stop there. Only a few days later, pepper prices began to rise again. What makes Hung wonder and regret is that on the internet, newspapers and television all say: “World pepper prices have not seen signs of stopping”. Impatiently, he and his sister's family decided to buy back the pepper sold at 130,000 VND / kg on August 20, exceeding the price that traders are buying in the 2,000 VND area.
With the bold decision of a farmer who has never been a speculator, only used to planting trees, harvesting and selling, Hung now has a loss of more than 75 million to regain the sold pepper. However, his judgment this year was right when yesterday 16/9, pepper prices have reached 147,000 VND / kg, 17,000 VND higher than the time a month ago he bought. This price is considered to be near the peak, he is determined to call traders to sell out, the profit is 90 million.
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