A memorandum of understanding was signed by Thai durian exporters and Yunnan Dimiao Electronic Commerce Ltd. This means that Thailand has secured a 500 million baht (€13.5 mln) durian deal with Yunnan province during trade talks in China’s southern province this week. Under the deal, the Chinese company will buy 500 million baht of durians from Thailand over five years. The Thai fruit will be resold in China mainly via online channels.
The export deal has dampened fears that China’s move to grow its own durians would hit exports from Thailand. Trade between Thailand and Yunnan province totalled 80.53 billion baht in 2022, with 38.98 billion baht in Thai exports and 41.55 billion baht in imports.