Supermarket plays white knight for shallot farmers

Friday, Apr 24, 2015 16:10

Customers chose shallot at Co.opmart Dinh Tien Hoang in Binh Thanh District. — VNS Photo.

HCM CITY (Biz Hub) — Saigon Co.op has signed agreements with farmers in Soc Trang Province to buy 100 tonnes of Vinh Chau shallot by May to help them cut losses since prices have plummeted following a bumper harvest.

The shallots meet Global Gap standards and will be available at all of Saigon Co.op' s outlets, including Co.opmart, Co.opXtra, and Co.op Food.

Nguyen Thi Thu Thuy, deputy general director of Saigon Co.op, said its purchase division had bought the first batch of 15 tonnes in mid-April and supplied it to its stores.

Saigon Co.op pays the farmers higher prices than those offered by local traders. — VNS

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