The price of the 'king' durian has fallen dramatically.

Recently, in Ho Chi Minh City, Musang King durian has appeared more and more but the price has continuously decreased. According to Nguoi Lao Dong newspaper, at high-end fruit stores, the price of this item ranges from 250,000-300,000 VND/kg, down 50% compared to 2 years ago, while at durian orchards, the price is only 150,000-200,000 VND/kg with the reason "a lot of goods have arrived".

Mr. Nguyen Van (Bu Gia Map district, Binh Phuoc province) said that recently, many gardeners have cut down Musang King durian trees because it is not economically effective to plant Ri 6 or Dona varieties.

"Previously, Musang King durian was 2-3 times more expensive than popular domestic varieties and still profitable, but now that the price has dropped, we've lost everything. Because growing Musang King durian requires difficult techniques, low productivity, and high costs," this farmer shared.

European and American customers buy Vietnamese rice at expensive prices

Vietnamese rice is being bought at high prices by countries from Asia to Europe and the US, helping the industry earn nearly 2.9 billion USD in the first half of this year.

In the first 5 months of this year, the average export price of Vietnamese rice to the Brunei market reached 959 USD/ton; exports to the US were 868 USD/ton, to the Netherlands were 857 USD/ton, Ukraine was 847 USD/ton, Iraq was 836 USD/ton, Turkey was 831 USD/ton... Meanwhile, the average export price of Vietnamese rice in the first 5 months of this year was at 638 USD/ton. (See more)

Cheap imported meat floods into Vietnam

According to the latest figures from the Import-Export Department (Ministry of Industry and Trade), in May, Vietnam imported 76,120 tons of meat and meat products, worth 140 million USD. Compared to the same period last year, this figure increased by 32.1% in volume and 28.6% in value.

In the first 5 months, Vietnam imported 304,850 tons of meat and meat products, with a total value of 597 million USD, up 29% in volume and 25.2% in price over the same period last year.

It is noted that in the imported frozen meat market in the regions, imported frozen pork is 30-40% cheaper than domestic goods.

Cashew prices are cheap, businesses spend 1.8 billion USD to import

According to statistics from the General Department of Customs, in the first half of this year, our country exported more than 353,500 tons of cashew nuts, a sharp increase of 26.2% over the same period last year; the revenue value was nearly 1.95 billion USD, an increase of 18.7%.

On the other hand, taking advantage of the low prices, businesses spent 1.8 billion USD to import nearly 1.5 million tons of cashew nuts. Compared to the same period last year, cashew imports increased by 8.4% in volume, while the value only increased slightly by 3.4%.
The largest source of cashew nuts for Vietnam is Cambodia. Cambodian cashew nuts accounted for 55.5% of our country's total import turnover of this item in the first half of this year. (See more)

A Vietnamese 'miracle drug' is massively imported by Laos and Taiwan

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first 5 months of this year, the export turnover of shellfish products of our country reached 63 million USD. Accordingly, most shellfish products recorded strong growth.

Notably, after a breakthrough growth in 2023, oyster exports - a type of seafood considered a cheap "panacea" of Vietnam - continued to grow strongly, earning nearly 7 million USD in the first 5 months of this year.

Laos and Taiwan (China) are massively importing oysters from Vietnam, contributing to a sharp increase in the export turnover of this commodity group in the first months of this year. (See more)

A product in the 11 billion USD strong industry, export increased by more than 8,000%

Statistics from the General Department of Customs show that our country's caviar exports have grown dramatically in recent months.

In May, Vietnamese enterprises exported about 316 tons of caviar at a price of 16.7 USD/kg (equivalent to 417,000 VND/kg), earning 5.3 million USD. Compared to the same month last year, caviar exports increased by 831% in volume and increased dramatically by 6,110% in value. The reason is that the average export price of caviar increased by nearly 567% compared to the same month in 2023.

In the first 5 months of this year, our country exported 1,336 tons of fish eggs, earning 22.2 million USD. Compared to the same period last year, fish egg exports increased dramatically by 1,362% in volume and 8,395% in value. (See more)

Farmers 'struggling' as commercial eel prices drop sharply

A few years ago, according to Tin Tuc Newspaper, the model of raising eels without mud in cement tanks in Kien Giang province developed strongly and brought stable economic efficiency to farmers thanks to the high price of eel meat, from 150,000-180,000 VND/kg.

But from mid-2022 until now, the price of commercial eel has continuously decreased and remained low, reducing profits, and some farmers have even suffered losses.

In the past two years, the price of eel meat has been only 85,000-90,000 VND/kg, and at times even dropped to 75,000 VND/kg. Currently, the price of eel meat is half of what it was at the beginning of 2022 (90,000 VND/kg).

In contrast to the price of commercial eels, the price of feed for this species is constantly increasing. Therefore, it is very difficult for farmers to make a profit and most of them reduce their scale and raise them moderately to avoid losses.

Airfares rise again

After cooling down in June, airfares have shown signs of increasing again as the tourist season enters its peak. According to a survey by Tien Phong Newspaper reporters, many routes have seen ticket prices increase by more than VND2 million per ticket, causing many passengers to cancel their tickets and switch to other means of transport with shorter destinations.

On July 16, airfares from Hanoi to “hot” tourist destinations such as Da Nang, Nha Trang, Con Dao, Phu Quoc, Can Tho... all increased sharply again. Before July, ticket prices for these routes were from 2.3-4 million VND/ticket/way (including taxes and fees). However, currently, ticket prices for these routes have increased by 500,000 VND to 2 million VND/ticket.

The "hottest" route is still Hanoi - Con Dao, when from July 16 to the end of September, on traveloka.com, economy class tickets are from 3.4-5.2 million VND/ticket/way, 1.1-2.3 million VND higher than half a month ago.