Will durian prices continue their strong upward trend?

According to the durian price forecast for July 2nd, 2024, the prices of Ri6 and Thai durians in the Southwestern region of Vietnam are expected to increase slightly. Durian prices are showing a slight upward trend again. Durian exports in May reached US$450 million, an increase of 107% compared to the previous month and 34% compared to the same period last year.

In the first five months of the year, exports of this product reached $919 million, an increase of over 74% compared to the same period last year, according to customs statistics. Durian continues to lead in export value among fruits and vegetables. Currently, durian's export value is 3.5 times higher than that of dragon fruit, which previously held the top position in the fruit and vegetable export group.

Durian price forecast for July 3rd: Durian continues its strong upward trend.

Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, said that China continues to steadily increase its purchases of Vietnamese durian. It is estimated that in June, durian exports will reach $600 million, bringing the total export value for the first six months of the year to $1.5 billion.

According to Mr. Nguyen, Vietnamese durian has advantages with abundant production, year-round harvesting, and at many times does not face direct competition from Thai durian. It also boasts fast transportation times and reasonable prices, especially with better quality control for frozen durian.

Previously, today, July 2nd, 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 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.	58,000 – 60,000 VND
Ri6 durian in a bucket	48,000 – 50,000 VND
Thai durian (Dona) is beautiful.	90,000 – 92,000 VND
Thai durian	70,000 – 72,000 VND
Durian prices in the Southwestern region of Vietnam
Ri6 durian is beautiful.	60,000 – 62,000 VND
Ri6 durian in a bucket	50,000 – 52,000 VND
Thai durian (Dona) is beautiful.	92,000 – 95,000 VND
Thai durian	72,000 – 75,000 VND
Durian prices in the Southeast region of Vietnam
Ri6 durian is beautiful.	60,000 – 62,000 VND
Ri6 durian in a bucket	50,000 – 52,000 VND
Thai durian (Dona) is beautiful.	92,000 – 95,000 VND
Thai durian	72,000 – 75,000 VND

Accordingly, the price of Ri6 durian at the orchards is 55,000 – 58,000 VND/kg; Thai durian is 90,000 – 92,000 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 60,000 – 62,000 VND/kg, while lower-quality Ri6 durian reached 50,000 – 52,000 VND/kg. High-quality Thai durian was priced at 92,000 – 95,000 VND/kg, and lower-quality Thai durian at 72,000 – 75,000 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 60,000 – 62,000 VND/kg for high-quality Ri6 durian and 50,000 – 52,000 VND/kg for lower-quality Ri6 durian; high-quality Thai durian is priced at 92,000 - 95,000 VND/kg; while lower-quality Thai durian stands at 72,000 – 75,000 VND/kg.

Meanwhile, in the Central Highlands region, the price of high-quality Ri6 durian is 58,000 - 60,000 VND/kg, and the price for lower-quality Ri6 durian is 48,000 - 50,000 VND/kg; high-quality Thai durian is priced at 90,000 - 92,000 VND/kg; and lower-quality Thai durian is priced at 48,000 - 50,000 VND/kg.

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

Indonesia has plans to conduct further research on the plant variety and expand the cultivated area.

Indonesia's Coordinating Minister for Maritime Affairs and Investment, and also its coordinator for cooperation with China, Luhut Binsar Pandjaitan, recently stated that the potential value of durian exports to China could reach $8 billion.

According to a report by the Indonesian Ministry of Trade, in 2022, Indonesia exported durian to China worth up to US$4.5 billion, and in 2023, the value increased to US$6.7 billion. Meanwhile, in the Chinese market, demand for imported fruits, especially durian, is increasing, but Indonesia's market share in this product is not commensurate with that demand.

The Indonesian government has implemented various measures to promote the plan to achieve this potential growth target, Minister Luhut also said. Indonesia has reached an agreement with the Beijing Gene Research Institute to conduct a study aimed at ensuring high-quality durian for export.

In addition, the Indonesian government has established approximately 100 hectares of durian plantations in North Sumatra and West Papua provinces and is planning to expand to other provinces, including Central Sulawesi. These locations are believed to be suitable for growing durian trees that meet the import standards of the Chinese market.

According to data from the Indonesian Statistics Agency, in 2023, Indonesia produced 1.85 million tons of durian, with over 50% of the total output coming from Java Island. As the largest durian-producing region in the country, East Java province achieved a production of over 480,000 tons last year.

For years, the Indonesian government has been urging farmers across the country to grow durian trees because the fruit has become a valuable commodity. Those who previously cultivated oil palm across the country five years ago are now being encouraged by Indonesian President Joko Widodo to plant durian trees and start a business, as he believes the crop has better prospects in the international market than crude palm oil.

* Market price information is for reference only !

Source: https://congthuong.vn/du-bao-gia-sau-rieng-ngay-37-sau-rieng-tiep-da-tang-manh-329676.html