Vietnam: Off-season dragon fruit price drops shockingly, down to 2,000 VND/kg

Published Nov 9, 2024

Tridge summary

Dragon fruit growers in Binh Thuan province, Vietnam are facing low purchase prices for their produce, with traders buying bulk at 2,000-3,000 VND/kg and only taking disease-free fruits weighing 0.5 kg or more at 4,000-5,000 VND/kg. The drop in price is due to an oversupply in the Chinese market, a primary destination for Binh Thuan's dragon fruit, which has been slow to consume recently. The province, which has about 26,900 hectares dedicated to dragon fruit cultivation, produced an estimated 460,000 tons in the first 9 months of 2024, with 85% being exported to China.

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

Original content

On November 9, many dragon fruit growers in Binh Thuan province said that the purchase price of dragon fruit is very low. Accordingly, although it is produced in the off-season, the price of this fruit is only paid by traders to buy in bulk (buy the entire garden, regardless of size - PV) at 2,000-3,000 VND/kg. If negotiating to buy at the garden, traders only take fruits weighing 0.5 kg or more, free of disease, the price is from 4,000-5,000 VND/kg. However, if choosing this way of selling, the number of substandard ripe dragon fruits left in the garden is often more than half of the total number of fruits. Mr. Nguyen Huu Hoan, a farmer in Muong Man commune (Ham Thuan Nam district, Binh Thuan) said that the current ripe dragon fruit crop is the third crop of light-treated (stimulating the tree to produce off-season fruit - PV) in the locality. In the previous two crops, farmers sold them for 20,000 VND/kg or more. "At the current lighting season, it is unclear why the price ...

Source: Vietstock