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Singapore: Durian prices to drop 50%

Malaysia is Singapore's main durian supplier; heavy rainfall in the country in May and June has led to a greater supply of durian, hence prices of the fruit have been slashed by as much as 50 per cent in Singapore.

Popular varieties like Mao Shan Wang (Musang King), a premium durian known for its creamy texture and bittersweet taste, go for as little as $15 per kg at some stalls there, down from a peak of $35 per kg last month.

Prices of non-premium varieties like D101 or D13, which had earlier averaged around $13 per kg, have also dropped to below $10 per kg.

Sellers said their business has picked up in the past week, with their stocks depleted faster.

At Ah Seng Durian at Ghim Moh Market, daily supplies of Mao Shan Wang are often fully reserved by the early part of the the day and long queues can be spotted daily at the stall.

Prices for premium durians had peaked at around $35 per kg early last month, due to a poor harvest in April.

There is better news for durian lovers ahead.

Peter Saw, 36, a seller from Delight Fruit, said prices are likely to drop further as a bigger supply is expected with the next round of harvests.

Read more at: news.asiaone.com.
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