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

Published Nov 9, 2024

Tridge summary

Dragon fruit prices in Binh Thuan province, Vietnam have dropped significantly, from over 20,000 VND/kg to 1/10 of that, causing concern among farmers. Current prices range from 2,000-5,000 VND/kg, depending on the condition of the fruit. The price drop is attributed to a slowdown in the Chinese market, a major consumer, and large amounts of dragon fruit being exported post-the main season. Binh Thuan, which grows about 460,000 tons of dragon fruit annually on 26,900 hectares, mainly exports to China, with about 15% consumed domestically. The province's dragon fruit export value for the first 9 months of 2024 was approximately 6.4 million USD, marking a 2.31% increase from the same period in 2023.

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

Original content

From the price of more than 20,000 VND/kg at the beginning of the season, the price of off-season dragon fruit is now "shockingly" decreasing, only 1/10, making farmers nervous On November 9, many dragon fruit growers in Binh Thuan province said that the purchase price of dragon fruit is at a very low level. 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 whole garden, regardless of size - PV) at 2,000-3,000 VND/kg. If negotiating to buy at the garden, traders only take fruits from 0.5 kg or more, free of disease and fungus, 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 ripening dragon fruit crop is the third crop of light-producing dragon ...

Source: 24h newspaper