Oranges are a super profitable crop in Nghe An.

(Baonghean.vn)- With an average garden price of 30,000 VND/kg, 1 hectare of oranges in Nghe An achieves a revenue of 405 million VND, a profit of nearly 300 million VND.

According to the analysis of Nghe An agriculture sector, the lowest revenue from 1 hectare of oranges in Nghe An is about 405 million VND (selling price 30,000 VND/kg), and if sold double, the revenue will reach 810 million VND/ha/year. Meanwhile, the cost of producing 1 hectare of oranges is 120 million VND, minus the cost, 1 hectare of oranges has the lowest profit of nearly 300 million VND/year.

Quy Hop orange. Photo: Documentary

Specifically: The direct cost of producing 1 hectare of oranges is 120 million VND. Including: Care costs (fertilizers, pesticides, irrigation): 70 million VND, labor costs: 30 million VND, other costs: 20 million VND.

Total revenue: Output 13.5 tons, average selling price 30,000 VND/kg (30 million VND/ton), product value (revenue) reaches 405 million VND/ha. Profit is 285 million VND. If the average selling price decreases to 20,000 VND, a profit of 150 million VND can still be earned.

However, the current market price and the price during Tet holiday are double or triple the average price. If the selling price is doubled to 60,000 VND/kg, then 1 hectare of oranges will bring in a profit of 690 million VND/ha. This is the highest profit for industrial crop cultivation in Nghe An at present.

Mr. Pham Xuan Truong, owner of a 2.5-hectare orange garden in Minh Thanh village, said that a mature orange tree can produce 250 kg of fruit. Photo: PV

Nghe An is planning to develop citrus trees, mainly orange trees, from 48 thousand tons (2015) to over 87 thousand tons by 2020, reaching an output value of VND 2,610 billion. It is expected that by 2020, Nghe An will export about 15 thousand tons of oranges.

The province also formed concentrated citrus fruit growing areas contributing to the transformation of crop structure towards high efficiency and sustainability, most notably in Quy Hop, Con Cuong, and Nghia Dan.

Chau Lan