Importers to reduce purchases for Tet as lower demand feared

Companies that import fruits and foods expect lower demand during Tet (Lunar New Year) next February due to the impact of COVID-19 pandemic and plan to reduce import.


Insiders said Tet is the season for consuming fresh fruits such as apples and cherries in the high-end segment. But their prices have increased significantly this year because the cost of harvesting the fruits in major exporting countries of the fruits such as the US, Australia, and New Zealand have gone up by two to three times due to the impact of COVID-19, and there is a lack of international flights.

Fresh fruit imports are expected to reduce this Tet, while the supply of imported nuts such as pistachios, almonds, walnuts, and pecans will surge, insiders forecast.

According to other market research companies, while consumers will still spend during Tet, demand will surely reduce from previous years./.