Vietnamese durian "alone in the market", sky-high price

Currently, only Vietnam has fresh durian so the price is very high, there are times when the warehouse buys it for 200,000 VND/kg.

On November 18, according to records, durian prices at purchasing warehouses in the Mekong Delta were sky-high, around 180,000 - 190,000 VND/kg of Monthong type A and 135,000 - 140,000 VND/kg of Ri 6 type A - double the price of the main crop. Type B durian was 20,000 VND/kg lower and type C was 40,000 VND/kg lower than type A.

Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, said that Vietnam is currently "all alone" in the durian market, so the price is good, especially during the off-season when output is low. At times when goods are needed, warehouse owners are willing to buy Monthong durian grade A for 200,000 VND/kg.

Vietnam is "alone in the market" so the durian purchase price is sky high.

Mr. Nguyen said the main market for durian is China. Vietnam could surpass Thailand in exports to this market in the next 1-2 years.

In 2024, Thailand will "close the book" on durian exports with an export value of 3.7 billion USD, down from last year. Meanwhile, Vietnam is estimated to reach 3.5 billion USD, a sharp increase of about 60%.

According to the Vietnam Fruit and Vegetable Association, by the end of October, our country had exported 6.16 billion USD worth of fruits and vegetables, of which the Chinese market accounted for nearly 4.1 billion USD. The most impressive export item was still durian with a value of about 2.9 billion USD.

Chinese people love durian, but the country has only successfully grown it on Hainan Island, so it depends on imports, mainly from Southeast Asian countries such as Thailand, Vietnam, Malaysia, etc.

Source: https://baoquangninh.vn/sau-rieng-viet-mot-minh-mot-cho-gia-cao-ngat-nguong-3330248.html