Vietnamese dragon fruit prices have tripled year-on-year in southern farms after China resumed border trading. Farmers in Tien Giang Province are selling the red-fleshed dragon fruit at VND38,000 ($1.62) per kilogram and white-fleshed for VND32,000, up 10% from before the Lunar New Year holiday and triple from the same time last year. In Binh Thuan Province, prices of white-fleshed dragon fruit have also tripled to VND25,000.
Industry insiders say that the resumption of border trade with China after three years of restrictions has helped boost prices. China accounts for around 90% of Vietnam’s dragon fruit exports. Since January, Chinese Customs no longer requires goods to be tested for Covid-19 at border gates with Vietnam and it has also lifted all other pandemic safety measures. Vietnam’s exports to China rose 8% to $119.3 billion in 2022 compared to a year earlier, while imports climbed 4.5% to $58.4 billion.