Cheap Thai fruits flood Vietnamese markets

Published 2024년 5월 28일

Tridge summary

Thai tropical fruits are experiencing a harvest from May, leading to a surge in imports to Vietnam, where they are being sold at significantly lower prices compared to last year, up to 40% cheaper. This influx of Thai fruits, including mangosteen, bonbon, rambutan, rattan, and durian, is competing well against Vietnamese produce due to their quality and lower prices. The increase in imports is attributed to the decrease in domestic agricultural production due to adverse weather conditions, while the shipping costs from Thailand to Vietnam have also reduced by 20-30%. Consequently, the Vietnam Fruit and Vegetable Association has reported a 14% increase in fruit and vegetable import turnover in the first five months of the year, with Thai fruits making up 5% of this total.

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Original content

From May, many Thai tropical fruits come into harvest. Surveys in Ho Chi Minh City show that Thai fruit is "flooded" in the market, imported by traders and sold at attractive prices, about 30% lower than last year. Ms. Loan - owner of an imported fruit store in Ho Chi Minh City said that Thai fruit has never been as cheap as this year. Currently, each kilogram of Thai mangosteen and bonbon retails for 55,000-60,000 VND per kg, and for Thai rambutan 45,000-60,000 VND per kg. This price is 30-40% lower than the same period last year. Similarly, Ms. Lan - a fruit seller at Ba Chieu market also said that in addition to popular fruits, high-end goods such as Thai rattan and mini durian are also cheaper than last year. For example, Thai rattan retails for 60,000-70,000 VND per kg, down 40% compared to last year. Mini durian costs 60,000-130,000 VND per kg. "This year, many Thai fruits overwhelm Vietnamese products, competing in quality and price," Ms. Lan said. At Thu Duc and Hoc Mon ...

Source: VNExpress