Report: Local durian prices halved as Chinese demand falls amid coronavirus outbreak
Saturday, 08 Feb 2020 09:10 AM MYTAccording to a report, durian prices have fallen as demand from China slowed down due to the coronavirus outbreak. — Bernama pic
The Segamat-based Tan usually exports whole fruits and frozen durian paste to Beijing, Shanghai, Guangzhou and Qingdao. He said that orders have dropped to almost zero over the last two weeks after many of China’s cities have gone under lockdown. Originally, Agriculture and Agro-based Industry Minister Datuk Seri Salahuddin Ayub had expected the export of frozen whole durians to China to reach 1,000 metric tonnes each month but the nCoV epidemic had unexpected adverse effect on the industry.The outbreak had also triggered a 50 per cent decrease for the prices of the highest grade Musang King variant, dropping it down to RM30 per kg from RM60 per kg in Malaysia’s durian capital ― Raub, Pahang.
Apparently, he also observed that Chinese companies are not importing as many durians due to the market demand in China itself, where the locals are in no mood to enjoy the pungent, creamy fruit. Its operator, John Kung thinks it is best to close down temporarily until the pandemic is over in light of the travel ban by Malaysian authorities against Chinese tourists.
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