Since April, the supply of durians in various fruit markets has been on the rise. Notably, the Chinese domestic market has seen an influx of Thai Monthong and Vietnamese Kanyao durians, alongside smaller varieties like Gradoomthong, Chanee, and Puang Manee. As a result, durian prices have begun a gradual descent, with sales figures continuing to climb. This signals the arrival of this year's peak durian season.
Just last month, durian scarcity in southern Thailand drove prices up to ¥1,500-1,600 per box. However, with the recent surge in supply, prices have dipped by approximately ¥300-400 per box. Yet, Eastern Thailand's Monthong variety remains relatively pricey, hovering at over ¥60 per kilogram in most supermarkets. It's anticipated that prices may see a significant drop post-May Day.
Vietnamese Kanyao durians have witnessed a recent price decline, plummeting from over ¥450 per small box half a month ago to just over ¥300 presently. This drop is attributed to Vietnam's peak season influx, leading to a surge in supply. However, Kanyao's short shelf life and susceptibility to mold and spoilage contribute to its lower market price. Additionally, the increased availability of Thai durians has accelerated sales due to their competitive pricing.
The impending launch of Hainan durians has stirred interest within the industry and among consumers. Reports indicate that Hainan's domestic durian output is projected to surpass 250 tons this year, with the first batch already fruiting in Ledong and set to hit markets in May. Last year, Hainan Monthong durians commanded prices as high as ¥120-140 per kilogram, a trend expected to persist this year.
Hainan durians boast higher sugar content and a natural advantage in freshness, catering to domestic preferences and potentially pressuring exporting nations. Moreover, reports of successful durian fruiting in Guangxi intermittently influence market dynamics.
Competition in China's domestic durian market is poised to intensify, possibly sparking another price war. While current prices remain relatively high, a market slowdown could precipitate a rapid decline in durian prices.
Source: FreshSaga