W51: Durian Weekly Report
Vietnam
Durian Exports Ranked Second in the Total Fruit Export Value of Vietnam in October 2022 (Dec 19)
Since being allowed to officially export durian through China, durian export revenue has earned nearly USD 79M, up 294% compared to October 2021. This record increase makes durian the fruit with the highest export turnover of the month. Durian export revenue was USD 294M in the first ten months of 2022, an increase of 91.5% over the same period in 2021. Durian currently accounts for 17.3% of Vietnam's total fruit export value in the first ten months of 2022, just behind dragon fruit.
Durian Export to China Increased by More Than 4K% YoY in Vietnam (Dec 21)
The Ministry of Agriculture and Rural Development said that in just one month after being officially exported in October, durian exports to China increased by 4K% YoY. The total value of durian exports to China is forecasted to exceed USD 300M in 2022. It is an unprecedented increase in the history of the Vietnamese durian industry. The Vietnam Fruit and Vegetable Association also forecasts that in December 2022 and Q1 of 2023, the prices of Vietnamese durian will increase when the demand for the 2022 holidays and Lunar New Year rises.
Thailand
The Durian Harvest Area in Thailand Increased by 4.85% (Dec 22)
Mr. Winit Athisuk, Deputy Secretary-General of the Office of Agricultural Economics (SorPor.), the Ministry of Agriculture and Cooperatives revealed the result of the first round of forecast and the situation of fruit production in the eastern region in Thailand for 2023. Due to price incentives, farmers have been steadily increasing their durian planting areas over the past few years, resulting in durian having fruitful areas of 351,546 rai, an increase of 4.85%. It is expected that durian will be available from February to October 2023.
Due to the unfavorable weather conditions for the flowering and fruiting of the crops in Thailand, some farmers reduced the maintenance of longkong, rambutan, and mangosteen crops to provide care for durian crops as it gives better returns. Continuous rain since November 2022 caused some fruit trees to produce soft leaves instead of flowering.
