Ri 6 durian prices plummet 70% as harvest in full swing

By Thi Ha   May 14, 2024 | 03:09 pm PT
Ri 6 durian prices have slid 60-70% from their peak in February to VND50,000 (US$1.96) per kilogram at the farm gate as the fruit enters its main season.

Hoang, who grows the fruit on half a hectare in Can Tho City, said: "Despite that [falling prices], we have managed to make profits of VND200 million this season."

Reports from the Mekong Delta and southeastern regions indicate that prices have been plummeting since the start of this month.

Ri6 durian in Mekong Delta city of Can Tho. Photo by VnExpress/Manh Khuong

Ri6 durian in Mekong Delta city of Can Tho. Photo by VnExpress/Manh Khuong

Thai Monthong durian prices have also dropped by more than 50% from their peak three months ago to VND60,000-70,000.

Manh Khuong, a durian merchant in Can Tho, attributed the fall in prices to increased supply now that the harvest season has started.

An executive at fruit exporter Van Hoa also said supply has shot up compared to the beginning of the year.

In the first four months of 2024 durian exports topped $500 million, up 30% year-on-year, according to the Vietnam Fruit and Vegetable Association.

Demand from China has increased this year, it said.

While many areas were affected by climate change and saw lower yields of durian than last year, supply from the Central Highlands remains high thanks to good farming practices.

Last year Vietnam exported $2.3 billion worth of durian, 87% of it to China.

This year exports are expected to reach $3.5 billion if China approves the import of frozen durian.

Provincial agriculture departments advise farmers to properly care for their crops to ensure quality since China is tightening control over imports.

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