The price of dragon fruit in Vietnam soared during the off-season, with the wholesale price exceeding 11 yuan/kg

Published Apr 28, 2024

Tridge summary

In Vietnam, the off-season price of pitaya fruit has surged in April, with the cost of top-tier fruit climbing to over 40,000 VND/kg (11.4 RMB/kg). This price hike, coupled with a profit margin of 20,000 VND per kilogram for farmers, is due to a decrease in production caused by drought and water scarcity across key growing regions. Despite these challenges, demand remains high, leading to a threefold increase in domestic sales prices. However, the area dedicated to dragon fruit cultivation in Vietnam has seen a reduction, partly due to a significant drop in prices in the previous year, which has also contributed to the current supply shortage. This situation coincides with a decrease in dragon fruit imports to China, the primary market for Vietnamese produce, as Chinese farmers have been expanding their own dragon fruit plantations, resulting in lower import levels from Vietnam.

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

Original content

In the last few days of April, the price of pitaya in Vietnam continued to rise in the off-season. In many pitaya-growing areas in Binh Thuan, Tien Giang and Long An provinces, the price of first-grade pitaya exceeded 40,000 VND/kg (11.4 RMB/kg), and the price of second-grade pitaya was 35,000-38,000 VND/kg. The price of third-grade pitaya was 30,000-33,000 VND/kg, which was a significant increase from the average price of 10,000-15,000 VND/kg in March. At this price, fruit farmers can make a profit of 20,000 VND per kilogram. However, due to the impact of drought and water shortage, fruit farmers have a small harvest of pitaya. Although some parts of the central highlands have recently welcomed rainfall, Vietnam has experienced nearly two months of drought, and for many farmers and growers, the rainfall came too late. Meteorological experts warned that the heat wave will continue to spread in Vietnam, affecting production. As the purchase price rises, the domestic pitaya sales ...

Source: Guojiguoshu