Vietnam: Durian price has doubled in the Mekong Delta; frozen durian will be exported to China

The article highlights the significant increase in durian prices in Vietnam's Mekong Delta region, with some varieties doubling in price due to high export demand and a decrease in supply. The expansion of the consumption market has led to a boost in foreign currency earnings for the country and improved income for farmers. The signing of protocols to export fresh and frozen durian to China has played a crucial role in this price surge. In 2023, Vietnam exported about 500,000 tons of fresh durian to China, generating 2.3 billion USD, and is on track to reach 3.2 billion USD in durian export revenue for the year by the end of October 2024. The article emphasizes the benefits for farmers and businesses with the export of frozen durian, given its longer shelf life and lower transportation costs, as long as they comply with China's strict product quality standards.

The expanded consumption market helps bring in a large amount of foreign currency and creates conditions for our country's farmers to sell durian at a good price, increasing income for durian growers. The price of many types of durian in the Mekong Delta has more than doubled compared to the favorable season about 4-5 months ago. The price has increased due to a decrease in supply, while export demand is at a high level. At this time, durian gardens with harvested fruit are mainly processed by farmers to produce off-season fruit, concentrated in some provinces such as Tien Giang, Ben Tre, Vinh Long... The price of Ri6 type 1 durian is sold by farmers in many places to traders and purchasing warehouses at 123,000-135,000 VND/kg, while in May 2024 the price was around 60,000 VND/kg. The price of Mon Thon durian grade 1 is at 125,000-150,000 VND/kg, while in previous months it was at 75,000-80,000 VND/kg. Durian is having a favorable output thanks to many traders and businesses ...