Why are dragon fruit prices increasing?

Published May 13, 2024

Tridge summary

Dragon fruit prices in Vietnam have surged in recent weeks, reaching record highs in Tien Giang, Long An, and Binh Thuan provinces due to increased demand from China, which is experiencing a harvest shortage. The price hike is also attributed to the late season and decreasing cultivation areas due to low prices in 2023. As of May 2024, the average purchase price for red-fleshed dragon fruit in Tien Giang and Dong Nai provinces is 28,571 VND/kg and 25,500 VND/kg, respectively, marking significant increases from previous months. However, with China's upcoming harvest expected to boost supply and reduce prices, the current surge may be temporary. The Ministry of Agriculture and Rural Development anticipates Vietnam's dragon fruit production to reach nearly 98,000 tons in May 2024, contributing to a total of over 507,000 tons in the first five months of the year.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

For more than a month now, the price of dragon fruit in many growing areas in Tien Giang, Long An, and Binh Thuan has been at a high level. In Binh Thuan, Mr. Le Duong, a trader purchasing, continuously posts articles about purchasing red and white flesh dragon fruits in large quantities in many groups on social networks. Mr. Duong said, the purchasing price on May 10 for white-fleshed dragon fruit ranged from 20,000 - 23,00 VND/kg for type 1 goods (depending on the warehouse), and 15,000 - 18,000 VND/kg for type 2 goods. For red-fleshed dragon fruit, the purchasing price will be higher, at 37,000 VND - 40,000 VND/kg type 1. According to Mr. Duong, this price is much higher than in March, and 20% higher than at the beginning of the year. Data from the Center for Digital Transformation and Agricultural Statistics, Ministry of Agriculture and Rural Development also shows that in April, the purchasing price of dragon fruit in many provinces and cities across the country was at a high ...
Source: Vietstock
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