Search
Coffee, rice, and durian prices skyrocket

February 18, 2024 | VnExpress |

In recent months, both domestic and global coffee prices have surged to unprecedented levels, reaching new peaks. As of February 17th, raw coffee prices in Vietnam hit a record high of VND80,100 per kilogram, marking a continuous upward trend since the beginning of the year. Similarly, Vietnam's rice export prices remain at $640 per ton, matching last year's peak. The price of Vietnamese durian has also seen a significant uptick, increasing by 20% compared to the end of 2023. Businesses are willing to pay top prices, with some looking to purchase Thai durian varieties grown in Vietnam at VND200,000 per kilogram, matching previous peak levels.

Experts attribute these price hikes to various factors, including strong demand from China, the impacts of El Nino, and the prolonged Red Sea crisis, which have reduced fruit and vegetable supplies in Asian countries and West Africa. Additionally, rising transportation costs have further contributed to the upward pressure on commodity prices. Looking ahead, agricultural product prices are expected to continue rising, with durian prices anticipated to remain high during the off-season in other durian-producing countries like Thailand and Malaysia. The Ministry of Agriculture and Rural Development foresees ongoing price fluctuations throughout the year, aiming for a total export turnover of agricultural, forestry, and fishery products to reach $54-55 billion.

Read more

Viewed Articles
Coffee, rice, and durian prices skyrocket
February 18, 2024 | VnExpress | In recent months, both domestic and global coffee prices have surged to unprecedented levels, reaching new peaks. As of February 17th, raw coffee prices in Vietnam hit
Mar 07, 2024
Read More
Avocado goldrush links U.S. companies with Mexico’s deforestation disaster
August 06, 2024 | NBC News | In Michoacán, Mexico, avocado farming is causing severe environmental damage due to illegal deforestation and unsustainable water use. Activists and officials report that
‘Now we’ve learned a better approach’: how dragon fruit farmers in Binh Thuan are embracing sustainability in the race to reach global markets
January 28, 2024 | UNDP Viet Nam | In Binh Thuan province, dragon fruit farmers like Nguyen Van Thanh are embracing modernization to overcome economic challenges. Devastated by factors like the COVID-
Excessive heat is killing green mangoes, dashing hopes for bumper harvest
April 22, 2024 | bdnews24.com | In Rajshahi, Bangladesh's mango hub, a severe heatwave is threatening the upcoming harvest as trees lose 20% of fruits due to extreme temperatures. The Rajshahi Fru
2024.05.02
New avocado market players, industry sustainability and the rise of Peru
April 21, 2024 | Fresh Fruit Portal | The international avocado market sees dynamic shifts with new players entering and established ones like Peru and Mexico maintaining their dominance. Mexico leads
Sweeter mangoes, quality durian: Fruitful harvest expected amid heatwave in Malaysia
May 03, 2024 | The straitstimes | Malaysia's current heatwave, attributed to the El Niño phenomenon, is expected to significantly impact various crops. The durian industry, particularly the Musang
TOP