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
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
Hwa Seng Builder, two China companies win S$1.2 billion Tuas Road Viaduct phase two contracts
Deal between tycoon friends sparks scrutiny of Philippine power sector
Canada is upping oil flows to Asia, but South-east Asia’s refineries aren’t ready to handle them yet