China rushed to buy, the price of a Vietnamese fruit increased rapidly

Published 2023년 2월 7일

Tridge summary

The Chinese market's demand has significantly driven the price of durian to record-breaking levels in Tien Giang, Vietnam, reaching over 150,000-190,000 VND/kg, more than three times the price from the previous year. This surge in demand is part of a broader trend, with durian exports from Vietnam to China experiencing a dramatic increase, reaching 49,241 million USD in December 2022, a 342.1% increase from the same period in 2021. The popularity of durian in China, coupled with a limited planting area in Vietnam, points to a bright future for durian exports, potentially becoming a billion-dollar industry in 2023. However, authorities are cautious about maintaining a balance between supply and demand and preventing over-planting of durian at the expense of other crops. The reopening of China is also expected to boost exports of fruits and vegetables from Vietnam.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The strong buying power from the Chinese market has pushed the price of durian to an unprecedented high. In Tien Giang, early February 2023, the price of durian increased, attracting goods, so gardeners were very excited. For example, in Cai Lay district of Tien Giang province, the price of durian has reached 150,000-190,000 VND/kg, according to gardeners, this price is more than 3 times higher than the same period last year. At this price, selling a durian, the gardener pocketed millions of dong. The reason why the price of durian is increasing hot day by day is known due to the strong increase in Chinese demand. Accordingly, domestic traders also continuously increased prices to collect enough goods. According to Tien Giang Department of Industry and Trade, after two difficult years due to the impact of the disease, the price of durian is now increasing, helping people to be excited about increasing their income, stimulating people to invest more in durian gardens. However, the ...

Source: Danviet