Green-Skinned Grapefruit Prices Plummeted by Over 30% YoY Due to Domestic Supply Surplus and Low Export Demand

In W8, traders are purchasing green-skinned grapefruit at the garden for USD 0.6 to 0.8/kg in bulk, marking a decrease of over 30% YoY. This price decline can be due to the diminished purchasing power of grapefruit in export markets at the start of 2024. Concurrently, there is a surplus of domestic supply, further contributing to the price drop. The increased cultivation of green-skinned grapefruit in regions like Bình Phước and Đồng Nai in the Southeast has notably augmented the supply, leading to market saturation and exacerbating the downward pressure on prices. Consequently, the market is experiencing an oversupply situation, significantly impacting the profitability of grapefruit trading.