Is durian prices rising slightly again?

Durian price forecast for August 22, 2024: Prices of Ri6 durian and Thai durian in the Southwestern region of Vietnam are showing a slight increase. Durian prices are trending slightly upwards again.

Businesses are on track to expand their export markets following their successes, with durian playing a significant role in the export value of fruits and vegetables. In the first six months of this year, durian exports reached $1.32 billion, a 45% increase compared to the same period last year.

Durian price forecast for August 22nd: Will durian prices rise slightly again?

Currently, the durian harvest season in the Central Highlands is underway, creating opportunities for durian to further solidify its position, especially in the Chinese market. According to Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, the export potential of durian could reach 3 billion USD.

Previously, today, August 21st, durian prices were highest in the Southwestern and Southeastern regions of Vietnam and lowest in the Central Highlands. Prices at the farm will be 3,000-5,000 VND/kg lower than the prices updated at the wholesale market, depending on the purchasing method used by traders (bulk purchase or selective purchase).

Durian prices in the Central Highlands
Ri6 durian is beautiful.	57,000 – 63,000 VND
Ri6 durian in a bucket	42,000 – 45,000 VND
Thai durian (Dona) is beautiful.	103,000 – 106,000
Thai durian	83,000 – 85,000
Durian prices in the Southwestern region of Vietnam
Ri6 durian is beautiful.	57,000 – 63,000 VND
Ri6 durian in a bucket	42,000 – 45,000 VND
Thai durian (Dona) is beautiful.	103,000 – 106,000 VND
Thai durian	83,000 – 85,000 VND
Durian prices in the Southeast region of Vietnam
Ri6 durian is beautiful.	60,000 – 62,000 VND
Ri6 durian in a bucket	45,000 – 50,000 VND
Thai durian (Dona) is beautiful.	100,000 – 106,000 VND
Thai durian	80,000 – 83,000 VND

Accordingly, the price of Ri6 durian at the orchard is 52,000 – 55,000 VND/kg; Thai durian is 95,000 – 98,000 VND/kg; and Musangking durian remains at 100,000 – 110,000 VND/kg.

In the Southwestern region of Vietnam, durian prices today saw a slight increase compared to yesterday for Thai durian. High-quality Ri6 durian reached 57,000 – 63,000 VND/kg, while lower-quality Ri6 durian was priced at 42,000 – 45,000 VND/kg. High-quality Thai durian was at 103,000 – 106,000 VND/kg, and lower-quality Thai durian was at 83,000 – 85,000 VND/kg, a slight increase from the previous day.

For durian in the Southeast region, prices have increased slightly compared to yesterday. Specifically, the purchase price at the wholesale market is 57,000 – 63,000 VND/kg for high-quality Ri6 durian and 42,000 – 45,000 VND/kg for lower-quality Ri6 durian; high-quality Thai durian is priced at 103,000 – 106,000 VND/kg; while lower-quality Thai durian stands at 83,000 – 85,000 VND/kg.

Meanwhile, in the Central Highlands region, the price of high-quality Ri6 durian is 60,000 – 62,000 VND/kg, while the price for lower-quality Ri6 durian is 45,000 – 50,000 VND/kg; high-quality Thai durian is priced at 100,000 – 106,000 VND/kg; and lower-quality Thai durian is priced at 80,000 – 83,000 VND/kg.

Depending on the distance and region of transportation, the price of durian will vary to some extent.

During the visit of General Secretary and President To Lam to China, the Vietnamese Ministry of Agriculture and Rural Development (MARD) and the General Administration of Customs of China signed three protocols, paving the way for Vietnamese agricultural products, including a protocol on the export of frozen durian.

Vietnamese Minister of Agriculture and Rural Development Le Minh Hoan affirmed that this will contribute to strongly promoting agricultural exports, especially those products recently contracted with the Chinese market, contributing to the growth of Vietnam's agricultural sector.

According to the Ministry of Agriculture and Rural Development, frozen durian is a new product with higher added value compared to fresh durian. Opening the market for durian products will help diversify processing, reduce pressure on the harvesting season, and create greater added value for the durian industry.

China is currently the largest export market for Vietnamese agricultural products, with Vietnam being the second largest supplier of fresh durian to China. Vietnamese durian is considered to have the advantage of abundant production, year-round harvesting, and, especially during peak season, less competition from Thai durian. Furthermore, Vietnamese durian exports to China benefit from fast shipping times and competitive pricing. These factors have helped Vietnamese durian make significant strides in the Chinese market in less than two years since its opening.

Estimates from the Vietnam Fruit and Vegetable Association show that in 2023, Vietnam exported approximately 500,000 tons of durian, earning $2.3 billion, with exports to China accounting for 90%. In the first seven months of 2024 alone, Vietnam's durian exports to this market reached $1.22 billion, a 46% increase compared to the same period last year, accounting for 92.4% of total durian exports.

Following the signing of the agreement, it is projected that frozen durian exports could reach $400-500 million USD in 2024 – the first year after the signing of the protocol – and soon join the list of agricultural export products worth "billions of dollars" by 2025. Experts believe that the export value of the durian industry could reach $3.5 billion USD in the future, not stopping at the current figure of over $2 billion USD.

* Market price information is for reference only !

Source: https://congthuong.vn/du-bao-gia-sau-rieng-ngay-228-sau-rieng-tang-nhe-tro-lai-340591.html