The durian market in Vietnam and Thailand is flooded. The price of imported durian has plummeted by 30-40% in a month.

According to Vietnamese media reports, the purchase price of Ri 6 (Vietnam Ganyao) orchard fell 30-40% at the end of April compared with the beginning of April, and the price was 50-55000 dong / kg, equivalent to 14.7-15.2 yuan / kg.

The survey shows that the purchase price in Qianjiang Province, Penang Province and Qinghu City is only 50, 000 dong / kg, down 20, 000 dong / kg from the price in early April and 120000 dong / kg directly from the record high in early February.

Ms. Linh, a buyer in Qianjiang Province, said that the price of the first-grade durian fruit she purchased was 55000 dong / kg, and the price of the second-grade fruit was 48000 dong / kg. The purchase price of durian in Thailand is 60,000 dong / kg for grade 1 fruit, 50,000 dong / kg for grade 2 fruit and 40,000 dong / kg for small durian.

Ms. Linh said that at present, Vietnam is very rich in Ri 6 durian, and growers produce very high yields, which can harvest hundreds of tons a day. Durian prices have fallen to the same level as last year, mainly because durian in Thailand and the Philippines are competing, and Chinese importers are no longer buying as much as they used to.

According to the Ngu Hiep Company of Qianjiang Province, durian in Vietnam has entered the main production season, with increased supply in Qianjiang, Penang, Chajong and Yonglong provinces, and durian in southeastern Vietnam is also about to be harvested.

It is reported that the Lao government has agreed to provide 30,000 hectares of agricultural land for Chinese enterprises to grow durian, which is equivalent to 27 percent of the planting area of durian in Vietnam. The 1400 mu durian in Sanya City, Hainan Province, China, is about to be put on the market in June, attracting the attention of the Vietnamese industry.

Vietnam's durian exports reached US $56.9 million in the first two months of this year, up 290.8 per cent from a year earlier, according to Vietnamese customs data. China is the main export target, accounting for 83% of the total export value.

Because of the huge durian market in China, farmers in western Vietnam have converted thousands of hectares of rice fields and jackfruit orchards to durian. At present, the planting area is still expanding, which has exceeded 15000 hectares. Vietnam's Ministry of Agriculture and Rural Development advises farmers not to plant durian in large quantities to avoid oversupply. For some time to come, growers need to continue to improve planting techniques, improve quality and maintain stable yields to ensure year-round exports.