Malaysia’s durian prices take a big hit due to prolonged heatwave
[KUALA LUMPUR] Barely a month into Malaysia’s durian season, prices of the “King of Fruits” are already plummeting because of the incessant hot weather that has affected production and caused lower demand.
Plantation owners are bemoaning the fact that durian prices – in particular, that of the popular and premium Musang King (or Mao Shan Wang, in Chinese) variety – have gone down by more than 50 per cent compared to this same time last year.
A kilogramme of the Grade A Musang King durians fetched a minimum of RM60 (S$17) at wholesale markets last year, but some plantation owners told The Business Times that prices have fallen to RM30 or even lower today.
TRENDING NOW
Japan Home closing outlets; staff say Valu$ taking over operations
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
From sales executive to DBS chairman: A look at banking veteran Peter Seah’s career
Timah Partners lands S$60 million facility from lenders including UOB, RHB
