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China used to spend tens of billions of dollars to import durian every year, and what is remarkable is that now the country has finally achieved the localization of durian. Is this breakthrough expected to bring down prices for consumers?
In the near past, every year, China imported 820,000 tons of durian from Thailand at a price of 15-20 yuan per catty. This large import cost China up to $4 billion. However, from the import of durian to China, the price has been rising, and some varieties are even as high as one million yuan per catty, which is prohibitive. China's huge group of diners has developed a strong interest in the inferior durian that Thailand does not want. The durian, which was once discarded at random, has now become a gold mine for Thai fruit farmers, and it is miraculous or incredible to hear that an orchard can sell thousands of kilograms of durian every day, earning up to 20,000 yuan a day?
In recent years, durian fanatics have been increasing, yet durian prices remain high. Last year, Malaysia's Musang King durian became a new favorite, replacing Thai durian, which previously dominated the market. Not only that, Malaysia's durian accounted for half of China's total imports in 2022. However, the competition between the two did not lower the price, but on the contrary, the price increased. To drive down prices, China is seeking self-sufficiency, and Hainan is becoming the protagonist.
China has finally realized the localization of durian, this breakthrough makes people look forward to whether the price of durian that was previously hundreds of yuan per catty can be reduced to tens of yuan per catty?
Four years ago, Hainan introduced the variety of durian and continuously expanded the scale of durian orchards, and now has 10,000 mu of durian orchards. It is said that the output of these durian orchards can reach 3,500 jin per mu, with an output value of more than 100,000 yuan. However, judging from this news, it seems that the price reduction will take time, and durian with only 10 yuan per catty may still have to wait. On March 29, CCTV Finance reported a good news: China has finally realized the localization of durian. This means that China will be less dependent on foreign durians, and consumers can finally expect to taste durians that ripen naturally, rather than picking them in an unripe state and then roasting them in transit. At present, the survival rate of durian seedlings in Sanya has reached more than 98%, and the future expansion prospects are bright. However, it should be noted that we should avoid the situation of sunshine grapes, from six hundred pieces per bunch to nine pieces of nine one bunch, and the quality will also decrease.
Sanya plans to build a 50,000-mu durian industrial park after selling a wave of durian this year, which is expected to increase the output value by 5 billion. However, it is still challenging to achieve zero durian imports in a short period of time. In the past, China almost did not produce its own durian, but it has been the world's largest consumer of durian, buying 60% of the durian in Southeast Asia. This has also made Southeast Asian countries more and more aware of how to profit from it, although durian is oversupplied in the local market, they always adhere to the high price strategy in terms of exports. Durian is not only the product with the highest gross profit margin among China's imported fruits, but also a pearl in the global durian industry.
So, what does China bring to Southeast Asia? Durians, which used to be only five yuan per catty, have now risen to the point where Thais are prohibitive.
At the beginning of the year, the pandemic subsided and people were able to travel to Southeast Asia again. Thailand has been the preferred destination for millions of Chinese tourists. As soon as they got off the plane, the tourists were warmly welcomed, and the Thai minister personally greeted them and presented wreaths and gifts, which made many Chinese tourists excited and planned to go to Thailand. However, with the outbreak of a series of Kardis and similar incidents, people are afraid to set foot on Thai soil again. These events not only make tourists feel uneasy, but even some imagination is afraid to approach Thailand. For Thailand's golden pillow durian, the attractiveness of the Chinese market continues to heat up. At the 2018 shopping festival, 400,000 pounds of durian were sold in just 14 minutes. Durian is becoming more and more popular, and the price is also rising, and it is known as the "king of fruits".
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