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China's reopening of borders boosts exports

Fruit prices soaring in Vietnam

The price of durian jumped to a record high last month, while those of other fruits tripled their values from a year earlier as China's reopening caused their exports to surge. China's economy started to reopen on January 8 after 3 years of Covid isolation. Since then, the wholesale price of durian surged to VND190,000 (US$8) per kilogram, the highest cost ever recorded. The price of white dragon fruit rose to VND18,000-25,000, red dragon fruit jumped to VND35,000-38,000, custard apple hiked to VND50,000-60,000, and jackfruit rose to VND18,000-25,000.

Experts say that the reopening of the major Chinese export market has created a surge in demand for fruits that are currently out of season, thus low supply has spiked prices.


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