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Binh Thuan Province

Vietnam: Dragon fruit price triples unexpectedly

After dropping in price heavily due to the impacts of Covid-19, the price of dragon fruits in Binh Thuan Province currently is three times higher compared to a few days ago.

On February 18, Mr. Vo Huy Hoang, Chairman of the Dragon Fruit Association of Binh Thuan Province, said that the price of dragon fruits has been jumping strongly, fluctuating from VND13,000 to VND16,000 per kilogram, the highest level since the beginning of this year.

Ms. Nguyen Thai Thanh, a dragon fruit trader in Ham Thuan Nam District, said that the price of dragon fruits was at VND3,000-VND5,000 per kilogram a few days ago. The price is three or four times higher now. However, fearing poor consumption, many farmers have stopped artificial lighting so the supply is scarce now.

Meanwhile, the representative of the Dragon Fruit Association of Binh Thuan Province said that the price of dragon fruits rebounded because the export of dragon fruits to other markets is on the increase.

‘Currently, a small quantity of dragon fruits is exported to China by sea, the rest is mainly exported to other markets, such as India, Singapore, and Canada,’ said Mr. Vo Huy Hoang.

Amid a sudden hike in the price of dragon fruits, some orchards in Binh Thuan Province remained cautious, limiting the expansion of the growing area, and focusing on nourishing their plants for the upcoming main crop.

[ VND100 = €0,004 ]


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