Chinese traders eager to buy Hoang Anh Gia Lai’s durian from Laos
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Chinese traders are looking to buy durian from Vietnamese agriculture giant Hoang Anh Gia Lai three months before its first harvest of the fruit.
The company’s 1,200 hectares of durian in Laos has many five-year old trees, each producing 20-30 fruits of between two and four kilograms.
Around 200-300 hectares are set to yield ripe fruits in August, but traders have already been inquiring, starting last month, the company’s chairman, Doan Nguyen Duc, said.
“We have yet to sell because we are waiting for better prices as harvest season nears,” he told VnExpress in an interview.
He expected the company to earn revenues of VND200 billion (US$7.9 million) from 2,000 tons of durian this year and possibly VND1 trillion next year.
Hoang Anh Gia Lai has hired 10 durian experts from Thailand as consultants, and they will visit every year to ensure quality.
Duc said the Chinese durian market is set to become more competitive with Malaysia successfully negotiating a deal to export fresh durian to it.
But there is potential for export to other markets such as the U.S., India and Japan, he said.
In Vietnam, his company has 60 ha of durian that are set to fruit for a second year.
It eyes revenues of VND7.7 trillion ($302 million) this year, up 20.3% from last year, mainly from durian, banana and pork.
Questions & Answers
Q.How much revenue does Hoang Anh Gia Lai expect to make from durian sales this year?
How much revenue does Hoang Anh Gia Lai expect to make from durian sales this year?
Hoang Anh Gia Lai expects to earn VND200 billion (US$7.9 million) from 2,000 tons of durian this year. This revenue forecast is specifically for their durian crop, with a potential increase to VND1 trillion next year.
Q.Why has Hoang Anh Gia Lai not sold any durian yet, despite interest from Chinese traders?
Why has Hoang Anh Gia Lai not sold any durian yet, despite interest from Chinese traders?
The company has not sold any durian yet because it is waiting for better prices. The chairman, Doan Nguyen Duc, indicated that they anticipate improved prices as the harvest season approaches.
Q.Which other markets does Hoang Anh Gia Lai believe have potential for durian export?
Which other markets does Hoang Anh Gia Lai believe have potential for durian export?
Beyond China, Hoang Anh Gia Lai believes there is potential for durian export to other markets. These include the United States, India, and Japan, as stated by their chairman.
Q.What measures has Hoang Anh Gia Lai taken to ensure the quality of its durian output?
What measures has Hoang Anh Gia Lai taken to ensure the quality of its durian output?
Hoang Anh Gia Lai has hired ten durian experts from Thailand to act as consultants. These experts are expected to visit annually to help ensure the quality of the company's durian.
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