Australian tangerine prices halve due to Chinese competition
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The retail price of Australian tangerines sold in Vietnam in late June halved over the same period last year because the fruit is in season and competing with China-grown tangerines.
In traditional markets and fruit shops in Ho Chi Minh City, Australian tangerines are sold for VND90,000-120,000 (US$3.83-5) per kilogram.
The prices downed from VND250,000 when they were first imported to Vietnam in 2017.
Oanh, the owner of an imported fruit shop in the city, said: “The Australian tangerine season lasts from June to October or November.
Every year, this fruit has been exclusive to the local market, but this year there is competition for the Australian variety due to tangerines grown in China and packaged similarly to the Australian imports.”
According to the manager of Thu Duc agricultural product wholesale market in HCMC, most tangerines at the market are from China, and their wholesale prices stand at VND25,000-30,000 per kilogram.
Compared with Vietnamese tangerines, tangerines grown in Australia or China are more succulent, and have less fiber, thinner skin and stronger aroma.
Questions & Answers
Q.What is the primary reason for the fall in Australian tangerine prices in Vietnam?
What is the primary reason for the fall in Australian tangerine prices in Vietnam?
The retail price of Australian tangerines in Vietnam halved because the fruit is currently in season and is facing significant competition from China-grown tangerines. Chinese tangerines are being sold and packaged similarly to the Australian imports.
Q.How do the retail prices of Australian tangerines compare to their initial import cost in Vietnam?
How do the retail prices of Australian tangerines compare to their initial import cost in Vietnam?
Australian tangerines are currently selling for VND90,000-120,000 per kilogram in traditional markets in Ho Chi Minh City. This is significantly lower than the VND250,000 they were priced at when first imported to Vietnam in 2017.
Q.How do Australian and Chinese tangerines compare to Vietnamese tangerines?
How do Australian and Chinese tangerines compare to Vietnamese tangerines?
Both tangerines grown in Australia and China are described as more succulent, having less fibre, thinner skin, and a stronger aroma when compared with Vietnamese tangerines. This makes them preferable to consumers.
Q.What is the typical duration of the Australian tangerine season?
What is the typical duration of the Australian tangerine season?
The Australian tangerine season generally lasts from June through to October or November. This period sees the fruit being available in markets such as Vietnam, although competition now affects sales.
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