Prices of durians imported into Singapore from Malaysia have plunged due to a supply glut; the fruits are simultaneously arriving from Johor and Pahang now. To ensure continuing sales, traders are slapping on discounts to get the feeding frenzy going, even as prices have fallen by as much as 60 per cent for musang king, the popular premium durian grade.
Supply up 30%, price down 60%
The owner of a durian stall at Block 151 Serangoon North said the supply of durians has increased by 30 per cent this year, which has directly led to a sharp drop in prices. A durian stall at Block 156 Bukit Batok Street 11 is selling musang king durians for S$12 per kg. The highest price for musang king recently before this plunge was S$30 per kg.
The drop in prices have occurred suddenly, with news reports less than a month ago largely lamenting the higher costs of durian shipping and production owing to labour shortages and a host of post-pandemic issues.