Durian prices have plummeted, causing difficulties for many farmers as the peak harvest season approaches. - Photo: N.TRÍ
Over the past few days, durian in the southeastern region of Vietnam has entered its peak harvest season, especially the Thai durian variety. While the harvest volume has increased, traders and businesses are buying cautiously due to fears of price collapse, causing prices to fall rapidly.
Specifically, the price of Thai durian sold by many farmers is commonly 50,000 - 60,000 VND/kg depending on the variety, a decrease of 6,000-10,000 VND compared to two weeks ago, and a sharp decrease compared to the price of over 130,000 VND during the off-season.
Mr. Nguyen Van Quan (Dak O commune, Dong Nai province) has over 100 Thai durian trees with an expected yield of about 8 tons, but he is quite worried because the fruit is ready for harvest, but traders are holding the orchard (refuse to harvest), and are even trying to make things difficult to get back their previous deposit.
"Prices have been falling rapidly in recent days, leading many traders to be reluctant to buy because they fear that harvesting will be difficult to sell and result in losses. In many cases, traders who had already placed deposits at high prices will try to hold onto their orchards to wait for better prices, even putting pressure on farmers with various reasons to demand their deposits back and flee. If traders hold onto their orchards, the farmers risk significant losses, but selling to others means having to return the deposit," Mr. Quan expressed his concerns.
Similarly, Trinh Thi Nguyet (Bu Gia Map commune, Dong Nai province), who was excited about selling half of her Thai durian orchard for over 64,000 VND/kg more than a week ago, is now worried as traders are offering only 55,000 VND/kg, and even as little as 35,000 VND/kg for the poor-quality variety.
"Prices are changing so rapidly that many farmers can't react in time. Now I don't know who to sell to or at what price if traders find excuses to reject my produce and demand their deposits back. Currently, about 40-50% of the Thai durian crop in this area remains unharvested, so the price drop will cause significant losses for many farmers."
Meanwhile, many traders say that while supply has increased, the amount harvested by businesses hasn't increased proportionally, making it difficult to sell the harvested durians to warehouses. This has led to a sharp drop in farm-gate prices, even though the quality of durian this year is better, with less of it being tough than last year. Not only farmers, but also traders who had placed deposits at high prices beforehand are suffering losses, so there needs to be a shared understanding and cooperation.
Speaking to Tuoi Tre newspaper , Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, said that the price drop at this time had been somewhat anticipated because production increased rapidly during the peak harvest season, but exports to China remained unstable.
"Besides the fluctuating supply, the Chinese market is increasingly demanding higher quality. The price and export volume of durian also depend on the capacity of domestic testing laboratories and the quality of the fruit. The main durian season extends until October, and after the Southeast region finishes, it will move to the Central Highlands with even higher production. Therefore, the pressure to sell remains very high," Mr. Nguyen informed.
Many exporting businesses say that the Chinese market currently consumes over 90% of Vietnam's fresh durian exports, and this market will determine the price. Therefore, price movements remain unpredictable, and prices often change in a short period of time.
Source: https://tuoitre.vn/gia-sau-rieng-giam-nhanh-100260702160439864.htm
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