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๐Ÿ‡ธ๐Ÿ‡ฌ Singapore /Economy & Trade

Durian prices in Malaysia crash to 16 cents each as oversupply hits market

From The Straits Times · () English

Summarized and contextualized by DistantNews.

At a glance

News Sources not specified Outcome reported
  • Durian prices in Malaysia have plummeted to as low as RM0.50 (S$0.16) per fruit due to a significant oversupply in the market.
  • Both premium varieties like Musang King and common durians have seen drastic price reductions, with some sold for as little as 50 sen each.
  • Farmers and vendors are resorting to aggressive promotions and price cuts to clear stock before the fruit spoils, benefiting consumers with unprecedented bargains.

The king of fruits, durian, is experiencing an unprecedented price crash in Malaysia, with prices hitting lows of just RM0.50 (S$0.16) per fruit. This dramatic drop is attributed to a severe oversupply in the market, offering consumers a rare opportunity to indulge in the pungent delicacy at bargain prices.

From premium Musang King, now reportedly selling for around RM6 per kilogram, to common varieties available for as little as 50 sen each, the price collapse is widespread. Other popular types like 101 and Red Prawn have also seen significant reductions, dropping to as low as RM2 per fruit. Vendors are implementing aggressive promotions, including offering large bags of durians for a fixed price, to expedite sales.

This market saturation stems from the expansion of local durian cultivation in recent years, coupled with stricter import regulations in some export markets. Because durians have a short shelf life, farmers and vendors face substantial losses if they cannot sell their stock quickly. The emergency price cuts are their primary strategy to recover costs and prevent the fruit from spoiling, a situation that has left consumers delighted but put immense pressure on producers.

DistantNews Editorial

Originally published by The Straits Times. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.