Durian export prices have risen by 20% from last month as supply dwindles amid the government’s intensified efforts to comply with China’s quality requirements.
Prices of Monthong durian, a Thai variety grown in Vietnam, have jumped by 15-20% to VND80,000-90,000 (US$3.04-3.42) per kilogram. Vietnamese Ri 6 prices remain stable at VND40,000-42,0000.
Earlier this year Vietnamese durian prices had plummeted as exports stalled following China’s tightening of quality requirements, especially with regard to residues of banned substances.
But traders say since June enhanced control and inspections in Vietnam has improved the situation, resulting in higher export prices.
In January 170 tons of durian were returned to the company as China’s tightened regulations prevented clearance at the border.
In the first quarter durian exports averaged less than $100 million a month. It rose slightly above that figure in April before reaching $204 million in May and surging above $300 million in June.
The July figure is estimated at $350-400 million. Exports are likely to have exceeded $1 billion comfortably in the year to date.