Vietnamese banana and durian prices continue to soar

Published 2022년 12월 26일

Tridge summary

Recent reports from Vietnam indicate a significant increase in the export of fresh bananas and durians to China through official channels, leading to a surge in domestic prices in Vietnam. Dong Nai province has seen a doubling of banana prices, while durian prices in Tien Giang province have risen by 22% since October. The prices of various fruits, including dragon fruit, mangos, rambutans, and longans, have also increased. This situation is attributed to the normalization of cross-border traffic, recent agricultural product agreements with China, and adverse weather conditions reducing the domestic fruit supply. Experts forecast that fruit prices will continue to rise in the December and the first quarter of 2023, especially with compliance of Vietnam's phytosanitary commitments, potentially leading to record exports. Vietnam currently produces over 2.3 million metric tons of bananas and about 1.3 million metric tons of durians annually.

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Original content

According to Vietnamese media reports, exports of Vietnam’s fresh bananas and durians to China through official channels have increased significantly in recent weeks. This has led to a spike in domestic prices, which are now up 20–100% compared with just two months ago. Dong Nai province in southeast Vietnam has seen an increase in banana prices up to 13,500–14,000 Vietnamese dong ($0.57–0.59) per kilogram, corresponding to double those in October and November. Meanwhile, durian prices in nearby Tien Giang province have jumped to 80,000–85,000 dong ($3.39–3.60) per kilogram, an increase of 22% since October. A farmer in Tien Giang province reported that durians grown in compliance with the VietGAP (Vietnamese Good Agricultural Practices) standard are now selling at 80,000 dong ($3.39) per kilogram, the highest price in the past five years. Purchase prices of Ri6, Kho Qua Xanh and Chuong Bo durian varieties currently all exceed 80,000 dong ($3.39) per kilogram, while the price of ...

Source: Producereport