Durian prices have plunged by half in nearly two months as harvest season approaches and supply is abundant. Farmers in the southern provinces of Tien Giang, Long An, Binh Phuoc, and Dong Thap are selling their Ri6 durian for VND75,000-VND85,000 per kilogram ($3.19-$3.62), down from VND190,000 in earlier February.
Van Hoa Investment and Development, which buys durian from farmers for export, is offering VND95,000 per kilogram for the highest quality and VND75,000 for the medium segment. The company buys 20-30 tons a day from suppliers. Traders say that the increase in supply as the harvest season approaches has pulled down durian prices. Furthermore, other fruits, such as rambutan and plums, will be harvested soon, which will make durian less attractive.
Prices could fall even further in May when durian farms in the central highlands begin to harvest.