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Chilean cherry prices in Vietnam fall 50% after Tet due to surplus imports

Chilean cherries, once a high-end import, are now offered at reduced prices in Vietnam, with a 50% decrease from pre-Tet levels. Online platforms and vendors list these cherries at VND 90,000–100,000 ($3.50–$4) per kg for bulk purchases, while retail buyers see prices at VND 120,000–130,000 ($4.75–$5.15) per kg. Hanoi sellers attribute this to a surplus from Chile, causing market saturation and vendor discounts.

Son La strawberries also face price reductions. Prices for small-sized strawberries dropped to VND 75,000 ($3) per kg, medium-sized to VND 95,000 ($3.75), and large ones to VND 120,000 ($4.75). VIP-grade strawberries are now VND 160,000 ($6.35) per kg, down from VND 500,000–700,000 ($20–$28).

Imported apples in Ho Chi Minh City are available at VND 49,000 ($1.95) per kg, with wholesale prices as low as VND 20,000–30,000 ($0.80–$1.20).

Coconuts, however, have seen price increases, with fresh coconuts at VND 13,000–25,000 ($0.50–$1) each. The Vietnam Coconut Association cites rising demand as the reason.

Durian prices have rebounded, with top-grade Monthong durians reaching VND 92,000 ($3.65) per kg due to renewed Chinese demand. Vietnam's rice export prices have dropped, yet domestic retail prices in Hanoi have decreased by only VND 1,000 ($0.04) per kg.

As humidity rises in northern Vietnam, dehumidifier demand has increased, driving prices to VND 2 million–several million dong ($80–$400). Second-hand Japanese units are priced at VND 1–3 million ($40–$120).

Source: Vietnamnet