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Vietnam: Durian prices in Ho Chi Minh City remain high despite oversupply

For the last few days, the prices of off-season durian in the Mekong Delta have declined sharply, Traders have stopped purchasing the fruit to export to the Chinese market, according to reports in local newspapers. The price of type 1 (best quality) durian in Vĩnh Long Province’s Vũng Liêm District, for example, fell by nearly half to VNĐ 40,000 (US$ 1.7).

Lê Văn Hưu, owner of a durian garden in the district, says he has more than 15 tonnes of the fruit that needs to be harvested soon: “If I sell the fruit at the price of VNĐ 30,000-40,000 per kilogramme, I will suffer losses for sure because off-season durian needs more care. I can’t sell much at retail prices (directly to consumers) because it can’t be preserved for long and can easily go bad quickly.”

To cope with the oversupply crisis, several durian growers are selling the fruit online or along streets.

A director of a fruit export-import company in Tiền Giang said that the price of off-season durian has fallen because China has stopped Vietnamese durian at their borders. This caused many traders to stop purchasing the fruit as well.

Despite the oversupply in the delta, consumers in HCM City are still paying high prices for durian at markets and supermarkets. Newspaper Thanh Niên reported that durian was being sold at VNĐ 90,000-120,000 per kilogramme at fruit shops in District 10 and District 5.

Vietnamnews.vn reports sellers saying that the prices were high because the fruit was off-season and its quality was guaranteed. Transport and delivery fees have also added to the price.


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