Chilean cherries 10% costlier than last year on lower imports
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The prices of Chilean cherries are 10% higher this year at VND600,000 (US$24.4) due to lower import volumes.
Size 3JD cherries, which have a diameter of 30-32mm, are sold at VND599,000 per kilogram and VND580,000 if bought in bulk, at a fruit store on Phan Xich Long Street, Phu Nhuan District.
2JD cherries measuring 28-30mm cost VND569,000 and smaller ones sell at around VND250,000-300,000.
In Hanoi too, large cherries are being sold at VND600,000.
Smaller cherries cost less because they are of lower quality and prone to bruising.
The prices are 5-10% higher than at the same time last year.
The store manager on Phan Xich Long Street said: “This year’s supply is lower than previous years. Coupled with increased shipping costs, the prices are up 10%.”
Last year Chile exported 800-1,000 tons of cherries to Vietnam, up 16% from the 688 tons in 2022, according to the Chilean Fruit Exporters Association.
As a result their prices dropped to as low as VND200,000-300,000 last year.
Questions & Answers
Q.What is the primary reason for the increase in Chilean cherry prices this year?
What is the primary reason for the increase in Chilean cherry prices this year?
The prices are 10% higher due to lower import volumes compared to previous years. Increased shipping costs have also contributed to the price rise, according to a store manager.
Q.How do cherry prices differ based on their size?
How do cherry prices differ based on their size?
Larger cherries, like 3JD (30-32mm), are priced around VND599,000 per kilogram. Smaller cherries, such as 2JD (28-30mm) or even smaller ones, sell for significantly less, ranging from VND250,000 to VND569,000.
Q.Why did Chilean cherry prices drop significantly last year?
Why did Chilean cherry prices drop significantly last year?
Last year's prices dropped to as low as VND200,000-300,000 because Chile exported a higher volume, between 800-1,000 tons, to Vietnam. This was a 16% increase from the 688 tons exported in 2022.
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