Musang King durian moon cake prices up 10%
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Musang King durian moon cake prices, made with the popular durian variety originally from Malaysia, have increased by 2-10% year-on-year in Vietnam.
Their cost ranges between VND900,000 ($37.90) to VND1.7 million per box. Last year, the most expensive product sold for around VND1.5 million.
Hoang Anh, a moon cake vendor in Ho Chi Minh City’s District 3, sold out 500 boxes of Musang King and Black Thorn moon cakes in two weeks last year.
She has doubled her imports this year.
“We have to order five months in advance as the manufacturer needs to prepare durian beforehand.”
A major distributor in HCMC plans to sell nearly 30,000 cakes this year, triple the amount last year.
The cakes are mostly imported from Malaysia. Other markets that also sell them are Singapore and Hong Kong.
Industry insiders say prices have gone up due to rising ingredient costs.
Moon cake is a popular type of desert in Asian countries. It is often enjoyed during the Mid-Autumn Festival in the middle of Lunar August, which falls on Sep 29 this year.
Questions & Answers
Q.What is the current price range for a box of Musang King durian moon cakes in Vietnam?
What is the current price range for a box of Musang King durian moon cakes in Vietnam?
A box of Musang King durian moon cakes currently costs between VND900,000 ($37.90) and VND1.7 million. This represents a 2-10% increase year-on-year for the popular durian variety product.
Q.Why have the prices for Musang King durian moon cakes increased this year?
Why have the prices for Musang King durian moon cakes increased this year?
Industry insiders attribute the price increase to rising ingredient costs. The cakes are mostly imported from Malaysia, with Singapore and Hong Kong also serving as markets for these products.
Q.How much has one major distributor in Ho Chi Minh City increased their sales target for these moon cakes?
How much has one major distributor in Ho Chi Minh City increased their sales target for these moon cakes?
One major distributor in Ho Chi Minh City plans to sell nearly 30,000 cakes this year. This figure represents a triple increase compared to the amount they sold last year, indicating significant growth.