Players reveal the truth about the hundred billion mutant orchid price that has returned

Mutated orchids that were once sold for billions are now being sold everywhere on online markets.

Price fever returns?

A few years ago, the phrase “mutant orchid” created an unprecedented fever, causing ornamental plant enthusiasts to go crazy buying. Mutant orchid transactions worth tens of billions, even up to 250 billion VND, were widely advertised on social networks.

Therefore, the story of mutant orchids Ngoc Son Cuoc, Buom Dai Ngan, Juliet, 5 white petals Phu Tho,... is no longer limited to the ornamental plant community but has also spread to rural areas. Many people invest billions in mutant orchids to dream of getting rich.

Mutant orchid gardens are “sprouting up like mushrooms”. Small gardens have a few dozen pots, large gardens have hundreds to thousands of mutant orchid pots. Online mutant orchid markets are also bustling, including markets with hundreds of thousands of people participating in buying and selling.

Up to now, although there are no official statistics on the number of mutant orchids on the market, from being super rare, mutant orchids are now as numerous as vegetables with increasingly affordable prices.

At an online mutant orchid market with 110,000 members, every day several hundred people come to sell mutant orchids. Notably, there are mutant orchids that were previously sold for several hundred billion, but are now being sold everywhere for only several hundred thousand to 1-2 million VND/pot or kie (buds growing from dormant buds on the stem) with a length of 6-14cm.

For example, the Phu My 5-petal white mutant orchid is being sold for 499,000 VND/kie; Bao Duy 5-petal white orchid is priced at 2.6 million VND; Ngoc Son Cuoc is priced at 1.9 million VND; Bach Tuyet 5-petal white orchid is priced at 1.1 million VND/pot of more than 1m; Hong Minh Chau is priced at 250,000 VND/kie...

However, recently, information has been circulating on the market that the price of mutant orchids has increased again. Some people are selling a pot of Pleiku Lightning White 5-petal mutant orchid for nearly 100 million VND, a pot of Hong Phu Hoa orchid for nearly 130 million VND, and a pot of Kinh Bac White 5-petal orchid for 350 million VND.

Along with that is the information that "keeping orchids will win big" and images of big money bags, information about upcoming huge transactions like in 2020 - the golden age of mutant orchids with billion-dollar transfers.

Many people rekindled their dream of getting rich, starting to invest money in buying and selling mutated orchids, waiting for the price to increase to make a profit.

However, some orchid players immediately warned that this was just a trick to push up prices to create a virtual fever to "herd chickens". Be careful, because before that, some people had poured billions into trading orchids until the price collapsed and then lost everything.

Mutant orchids are now as numerous as vegetables in the market.

Mr. H. - a famous orchid grower in Hanoi, admitted that he and his group of friends spent tens of billions of dong to buy mutated orchids for breeding. Of which, his group spent more than 20 billion to buy a pot of mutated orchids with 2 stems (60cm each).

This orchid pot was then cut and propagated by him and others to sell. Last year, his association decided to transfer the orchid pot for less than 1 billion VND.

sea lice 1.jpg — According to orchid enthusiasts, mutant orchids used to be extremely expensive because they were unique and rare. Now, there are so many of them that it is difficult for prices to rise again.

According to Mr. H., the reason why mutant orchids are so expensive is because they are rare and the source of the seeds is not yet available. Sometimes there is only one pot in the whole market. Supply is low but demand is high, so prices are pushed up, creating virtual fevers.

However, mutant orchids are quite easy to propagate. Gardeners only need to cut the kie to be able to multiply into young orchids after a short time. When the supply on the market is abundant, the price will cool down. This is also the reason why mutant orchids are getting cheaper and cheaper.

“For the past 3 years, the transaction of billion-dollar mutant orchids has almost frozen. Mutant orchids cost only a few hundred thousand to a few million dong,” said Mr. H. Therefore, he warned people not to rush to buy mutant orchids. Any investment requires a clear understanding of the market and must be suitable for economic conditions. Avoid investing according to trends, spending billions of dong to buy mutant orchids and then not knowing where to sell them.

Professor Dr. Le Huy Ham, former Director of the Institute of Agricultural Genetics (Vietnam Academy of Agricultural Sciences), once shared that mutant orchids are not something too rare but only have strange elements.

According to him, mutant orchids only truly bring economic value when mass-produced for industrial production to have large sales like phalaenopsis orchids, gradually forming the orchid industry.

“We can completely propagate orchid varieties using In Vitro technology. Vietnamese tissue culture labs can completely do it if they receive orders,” Mr. Ham affirmed.

With the In Vitro propagation method (reproduction in test tubes), scientists have long proven that it does not change the characteristics of the offspring compared to the original mother plant. Therefore, from a branch or a tissue of a mutant mother orchid, tens of thousands of offspring can be reproduced that retain the characteristics of the mother plant completely.

Sharing about mass propagation technology, Associate Professor, Dr. Duong Hoa Xo, Director of the Ho Chi Minh City Biotechnology Center, also admitted: "In terms of plant cell tissue culture technology, we can propagate mass tissue culture at a very low cost."

Accordingly, if 1 kie of mutated orchid is propagated using this method, it will produce thousands, even 100 thousand orchid seedlings in a short time.

From that, we can see that the unique and rare value that the garden owner "deified" to sell for billions, causing a price fever again, will no longer exist when the mutant orchid can be easily propagated. According to the principle of the market, when supply exceeds demand, the price will become cheaper and cheaper.

HA (according to Vietnamnet)

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