News

Durian price dropped sharply

Fresh Durian
Market & Price Trends
Published Apr 17, 2024

Tridge summary

In Can Tho city and Vinh Long province of Vietnam, the price of Ri6 durian has seen a significant decrease from 115,000 VND/kg in March 2024 to 85,000 VND/kg, attributed to the peak harvest season in the Mekong Delta and stiff competition from Thai durian in the Chinese market. Despite this price drop, a local farmer in Thoi Lai district has managed to earn over 1 billion VND from his 1.5 hectares of durian plantation. The reduction in durian prices has prompted renegotiations between traders and farmers. Additionally, in Phong Dien district, Can Tho city, authorities are taking steps to discourage the sale of young durians and are implementing measures to manage trade more effectively and protect the crops from pests.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Duong Dinh Tuyen (residing in Thoi Lai district, Can Tho city) said that the price of Ri6 durian in his garden in March 2024 was 115,000 VND/kg, now it is only 85,000 VND/kg. Although the price dropped, he still earned a profit of over 1 billion VND with 1.5 hectares of durian plantation. The owner of a durian purchasing warehouse in Binh Minh town (Vinh Long province) said that durian prices have dropped sharply because the Mekong Delta is entering the peak harvest season and coincides with the durian season in Thailand. With good quality, a lot of Thai durian is exported to the Chinese market, reducing demand for Vietnamese durian. "Many traders have deposited farmers at high prices. Now that the price has decreased, the traders have no profit so they have to renegotiate the price and farmers also accept to release the goods" - said the owner of this granary. Recently, in Phong Dien district - where the largest durian growing area in Can Tho city - appeared, traders bought ...
Source: Vietstock
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