Durian and mangosteen at retail markets in Ho Chi Minh City are now down to 40,000 VND per kilogram, down more than half compared to early May.
Tropical fruits are in the main harvest season, so many agricultural products in the Western provinces and the Central Highlands are abundant, causing prices to plummet.
As noted by VnExpress At traditional markets in Ho Chi Minh City, the retail price of durians ranges from 40,000-60,000 VND per kilogram (in early May, it is 90,000 VND). Mangosteen at the beginning of the season is priced at 120,000-200,000 VND per kg, now it is also down to 40,000 VND.
Types of rambutan, Hanoi plum, lychee are currently sold at around 25,000-30,000 VND per kg, down 2-3 times compared to the beginning of the crop. Compared to the same period last year, the prices of these fruits are 5-15% lower.
The purchase price of durian at garden houses in Can Tho, Long An and Tien Giang also decreased deeply, ranging from 30,000-35,000 VND per kilogram, and mangosteen 15,000-25,000 VND per kilogram (depending on the type).
Explaining the sharp drop in prices, Ms. Hoa, a trader in Can Tho, said that this year the amount of Vietnamese fruit is quite abundant. In particular, the output of fruit exported to China decreased and faced difficulties, so the market was flooded, causing the price to continuously go down.
A report by the Department of Agricultural Products Export and Processing shows that the value of fruit and vegetable exports in the first five months of the year reached US$1.47 billion, down 13.6% over the same period in 2021, of which exports to China down nearly 30%.
In addition, the relatively low consumption power of the people is also the main reason for the sharp drop in fruit prices.
Ms. Quyen, the owner of a fruit shop on Le Duc Tho Street (Go Vap), said that the purchasing power this year decreased compared to the same period last year. “Every day, my shop sells about 50-100 kg of fruits of all kinds, even a few kilograms a day, down 30% compared to last year,” Quyen said.
In the face of a deep drop in fruit prices, the Can Tho Department of Agriculture and Rural Development believes that the short-term solution is that the agricultural industry will focus on supporting the connection between businesses and growers to boost consumption.
In the long term, the Department will recommend fruit growers to use homemade organic fertilizers to reduce costs, reduce production costs as well as improve the quality of goods. At the same time, the Department will direct the review and planting areas to issue codes, creating favorable conditions for businesses to purchase, consume and export.