February 5, 2025 | 15:02 GMT +7

  • Click to copy
Friday- 11:17, 26/04/2024

2024 Outlook of Vietnam's agricultural products for export

Binh Thuan dragon fruit prices increase sharply

(VAN) Due to scarce supply at the end of the lighting season, combined with stable consumption in the Chinese market, the price of Binh Thuan dragon fruit increased sharply.
Currently, Binh Thuan dragon fruit prices have increased sharply. Photo: Kim So.

Currently, Binh Thuan dragon fruit prices have increased sharply. Photo: Kim So.

Dragon fruit price is VND 25,000 per kg

In recent days, the price of white-fleshed dragon fruit in Binh Thuan province has been continuously increased by traders to collect products to meet the needs of exporting goods to foreign markets.

Mr. Nguyen Tanh, a dragon fruit farmer in Village 5, Ham Liem commune, Ham Thuan Bac district, said that the price of dragon fruit purchased in the garden has increased to about VND 25,000 per kg, which is the highest price since the beginning of the year and has been maintained for about 4-5 days.

Previously, the purchased price of dragon fruit ranged from VND 17,000 - 18,000 per kg, then increased from VND 20,000 - 22,000 per kg because supply is scarce, while consumption demand remains stable.

According to Mr. Tanh, with the current price of dragon fruit, harvesting farmers will make a big profit of VND 10,000 - 15,000 per kg after deducting costs. However, there are currently few gardens with ripe dragon fruit because this is the end of the season. Furthermore, people have focused on making dragon fruit lanterns before, during, and after Tet, so the output of the generations after the lanterns has also decreased.

"Normally, if dragon fruit grows in front of the headlights and produces a lot of fruit, then in the phase after the lights, the yield will be low and vice versa," Mr. Tanh said, adding that his family has 350 pillars of ripening dragon fruit, expected to in 1 week, it will be harvested with a yield of about 4 tons. Therefore, he hopes that dragon fruit prices will remain high for a bumper harvest in the coming time.

Traders collect dragon fruits to meet the export market. Photo: Kim So.

Traders collect dragon fruits to meet the export market. Photo: Kim So.

Mr. Huynh Canh, Chairman of Binh Thuan Dragon Fruit Association, confirmed that the current price of dragon fruit purchased by warehouses ranges from VND 20,000 - 25,000 per kg, depending on the garden.

The reason why dragon fruit prices are currently high, according to Mr. Canh, is that the Chinese market is consuming stably. At this time in China, almost no dragon fruit is harvested, so it is not "flooded to the market."

"Currently, Binh Thuan dragon fruits are still in stock, not scarce, because the purchasing warehouses of businesses are still open and packed normally. Shortly, the Chinese market will have red-fleshed dragon fruit.

Due to the beginning of the season, the selling price will be very high, so Vietnamese dragon fruit consumption will still be stable. Moreover, the heat is intense everywhere, so there is little fruit. Therefore, I think that dragon fruit prices will remain high and stable in the coming time," Mr. Canh predicted.

Focus on producing GAP standard dragon fruits

According to the Binh Thuan Department of Agriculture and Rural Development, the province currently has 26,500ha of dragon fruit, down nearly 1,150ha compared to the same period in 2023. In the first months of 2024, domestic and export fruit demand is significant, so dragon fruit prices are stable. Certain times, there are times when it increases so farmers can harvest profitably.

However, in March 2024, many households continued to light the lights in the off-season. Still, the weather was scorching and windy, so the ability to flower was not achieved, leading to low harvest productivity.

Binh Thuan is orienting to develop GAP dragon fruit, focusing on product quality. Photo: Kim So.

Binh Thuan is orienting to develop GAP dragon fruit, focusing on product quality. Photo: Kim So.

Currently, the weather is relatively complicated. Binh Thuan's agricultural sector recommends that farmers not develop more areas, increase field hygiene, apply balanced fertilizers, and focus on destroying disease sources to minimize disease brown spots on dragon fruit. Localities concentrate on directing and guiding people to produce GAP dragon fruits, focusing on product quality.

Mr. Do Van Bao, Director of the Binh Thuan Sub-Department of Crop Production and Plant Protection, said that export dragon fruits to the Chinese market sustainably and stably, farmers and businesses need to comply with regulatory requirements regulations on management and use of production unit codes and packing house codes of the General Administration of Customs of China (GACC). Also, measures should be deployed to manage pests and diseases in gardens and harmful organisms subject to plant quarantine in the Chinese market.

According to Mr. Bao, the development orientation of Binh Thuan dragon fruit is to stabilize the existing area, not develop additional regions. At the same time, focus on in-depth development, be proactive in implementing requirements for good agricultural production practices, and gradually improve product quality to expand consumption markets.

Binh Thuan province determines that China is still the primary market, and at the same time, promotes the search and expansion to other markets such as Europe, Japan, Korea, Australia, New Zealand, and the US.

A dragon fruit garden in Binh Thuan province. Photo: Kim So.

A dragon fruit garden in Binh Thuan province. Photo: Kim So.

Binh Thuan province is re-planning dragon fruit growing areas, prioritizing the construction of concentrated growing areas towards applying high technology. Old dragon fruit areas can be cut down to plant new ones or changed to other crops, but they must be suitable for the climate characteristics of each locality and have development potential.

In addition, the province's agricultural sector continues to propagate and guide dragon fruit growers on good agricultural production practices, ensuring food safety and hygiene, improving quality, and meeting increasingly demanding market requirements. At the same time, popularize policies linking the production and consumption of agricultural products so that people can access them effectively.

Up to now, the area of Binh Thuan dragon fruit certified to meet VietGAP standards is about 8,604ha. The whole province has 623 production unit codes and 271 packaging house codes exported to China, the United States, Australia, New Zealand, Korea, and Japan has been carried out.

Author: Kim So

Translated by Huong Giang

Poultry giants to merge business in Russia

Poultry giants to merge business in Russia

(VAN) Tkachev’s agricultural complex– fourth in the list of the largest poultry producers in Russia – is set to purchase the third-biggest manufacturer, Prioskolie, Russian business newspaper Kommersant reported, citing sources close to the deal.

Vietnam's rice exports surpass 165 million USD in early January

Vietnam's rice exports surpass 165 million USD in early January

(VAN) Vietnam exported nearly 270,000 tons of rice, valued at 165 million USD, during the first half of Jan 2025, a 23% increase from the previous year.

China on pace for record grain production

China on pace for record grain production

(VAN) China, which is the world’s largest wheat and rice producer, is expected to slightly increase its rice output in 2024-25 to 145.3 million tonnes.

Cinnamon exports bring in hundreds of millions of dollars

Cinnamon exports bring in hundreds of millions of dollars

(VAN) Thanks to stable production, cinnamon exports in 2024 grew in both volume and turnover, bringing the country hundreds of millions of dollars.

Vietnam buys 90% of Cambodia's cashew nut output

Vietnam buys 90% of Cambodia's cashew nut output

(VAN) Cambodia is currently one of the countries with the largest output of cashew nuts in the world, with 90% of raw cashew nut output sold to Vietnam.

Rice exports account for the majority of export surplus to the Philippines

Rice exports account for the majority of export surplus to the Philippines

(VAN) Rice exports to the Philippines grow strongly in 2024 and account for the majority of Vietnam's export surplus to this market.

Corn, soybean futures rally on USDA data

Corn, soybean futures rally on USDA data

(VAN) Bringing the bulls to market was the USDA’s downward revision of 2024-25 forecasts for US corn and soybean carryover, production and yields.

Read more