W19: DURIAN UPDATE

Pico Agriviet

In W19 in the durian landscape, it was reported that durian exports from Vietnam will increase in the upcoming months during its peak harvest season. Further, the volume of durian exports increased significantly in the first three months of 2023, accounting for 16% of the nation’s fruit and vegetable export earnings. According to customs data, Vietnam exported durians for USD 153M in Q1 of 2023, with China holding an 87% market share. With the harvest of durians in Vietnam continuing to thrive, the export price of USD (VND 50K/kg) has remained steady. Fruit and vegetable exports could top USD 4B in 2023, up 20% annually. The Ri6 Vietnamese durian is now available in the UK market due due to its higher quality and zero customs duties because of the UK-Vietnam Free Trade Agreement (UKVFTA) Importers of Vietnamese agricultural products have a competitive edge over those of Thailand and Malaysia, which are subject to an 8% tax.

The price of Thai Monthong Durian in New Zealand dropped slightly in W19, and the market may rise again before Mother’s Day (May 14, 2023). The peak arrival of Thai durians was from the middle to the end of April, and the current peak has just passed. Thailand ranks first in exports of durians, with a global market share of 93.3%. The main markets are China, Hong Kong and Taiwan, and Thailand also exported cassava, canned pineapple, canned tuna and preservatives. Durian has a unique taste and aroma, but an odorless version is now grown in Nakhon Ratchasima province.

After years of cultivation, the Hainan province in China will harvest its first durian fruits in June 2023. Du Baizhong, general manager of Hainan Youqi Agricultural Company, sent workers to Southeast Asia to learn how to grow durians. Trade of durians between China and Thailand has increased due to the livestreaming industry, with 1.62M durians sold during a special livestream in Bangkok. According to the Malaysian Mardi director-general, China’s budding durian production will not affect Malaysian farmers and exporters for at least the next ten years, as the 2,450T of fruit produced on Hainan Island will not be enough to meet China’s demand. In addition, Malaysia’s technology and research on durian cultivation are more advanced, and mainland Chinese also prefer Malaysian durians. Top Fruits managing director reported that the export of frozen durians in Malaysia will be 50% lower YoY and that production had decreased despite the high demand from China. Local durian producers warned consumers that the high cost of fertilizers due to the Russia-Ukraine conflict and the closure of the Shanghai port due to the month-long citywide lockdown had caused a 60% fall in production, thus the high prices of the durians.

Source: https://www.tridge.com/stories/w19-durian-update

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