$NutryFarm(AZT.SI) If you are interested in the durian trade between Thailand and China, do read this research in 2018.

 

At the start, it states " In the last five years or longer, exports of Thai durian has been increasing consistently. Although other fruit exported from Thailand also travels in the same direction, durian is the outstanding fruit dominating the China market."

 

https://www.ide.go.jp/library/English/Publish/Download/Brc/pdf/21_05.pdf

$NutryFarm(AZT.SI)

Thailand Government is even helping the industry to expand to support the relationship with China!

 

Meanwhile, Alongkorn Polabutr, adviser to the agriculture and cooperatives minister Chalermchai Sreeon, has confirmed plans for expanding both local and international markets for the country&rsquo s fruit industry.

 

The National Thailand reports the fruit board has earmarked 492m baht (US$16.4m) for increasing sales channels for fruit growers as well as launching promotional campaigns.

 

Reports suggest the fruit board is also planning to link up with the Chinese rail link via Laos as well as link up with markets in South Korea, Russia, Central Asia, the Middle East and Europe.

 

http://www.fruitnet.com/asiafruit/article/184169/thailand-to-resume-durian-exports

$NutryFarm(AZT.SI) Sounds goods. Supplier obtained!

 

As per press release > the most important should be this " Reference the announcements on 28 December 2020 and 8, 18 and 29 January 2021, the Group has entered into various agreements to sell over 1,480 containers of fresh durians from Thailand to major Chinese fruit importers since December 2020. The total contract value of these agreements is estimated at approximately RMB 962.0 million as announced on 13 February 2021. At the same time, together with RFG and TTT, the Group has todate entered into purchase agreements to purchase 870 containers of fresh durians from the plantations to fulfill the orders. Shipments have already started since 20 February 2021 and will continue through the course of the year."

 

https://links.sgx.com/1.0.0/corporate-announcements/HTUP4NPVAP8AUXQ9/1367a1ed39f576ef79e6bbc54ec94ca39a918659ba1c6b9a51fcb2797537ec56

 

Singapore, 17 March 2021 &ndash NutryFarm International Limited (&ldquo NutryFarm&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that the Company&rsquo s wholly owned subsidiary, Global Agricapital Holdings Pte. Ltd. (&ldquo GAH&rdquo ), has entered into two binding purchase agreements with Royal Farm Group Co., Ltd (&ldquo RFG&rdquo ) and Thung Thang Thong Co., Ltd. (&ldquo TTT&rdquo ).

Under the agreements, GAH has entrusted RFG and TTT to purchase an estimated volume of 270 and 300 containers of fresh durians in Thailand respectively.

 

The price will be based on market price which is acceptable to GAH and the orders will be placed by GAH in batches. GAH shall made a pre-payment of not more than 30% of the order amount upon confirmation of each batch order with the remainder to be paid within thirty days after delivery.

 

It is also agreed that RFG and TTT shall guarantee the quantity of goods shipped from Thailand and exercise strict quality control based on the requirement of the logistics partner as well as during transportation and warehousing.

 

Led by the Group&rsquo s CEO, Mr. Cheng Meng, an industry veteran in the durian industry, the Group has entered into various agreements to sell over 1,480 containers of fresh durians from Thailand to major Chinese fruit importers since December 2020. The total contract value of these agreements is estimated at approximately RMB 962.0 million as announced on 13 February 2021.
 

Together with these latest two purchase contracts, the Group has entered into purchase agreements to collectively purchase 870 containers of fresh durians from various sources in Thailand to fulfil the sales orders. Shipments of the fresh durians have already started since 20 February 2021 and will continue throughout 2021.

 

In 2019, Thailand exported US$1.46 billion worth of durians to overseas markets, a rise of 54.6% from the previous year, with China, Hong Kong and ASEAN nations accounting for 98% of export volume. 

 

According to data from China Customs, China&rsquo s imports of fresh and frozen durians in the first half of 2020 reached US$1.62 billion, corresponding to a 73.5% year-on-year increase and almost reaching

the US$1.82 billion imported during the whole of 2019. In the first half of 2020, China&rsquo s imports of fresh durians reached US$1.52 billion, corresponding to a 75.7% year-on-year increase.

 

 

 

$NutryFarm(AZT.SI) Q4: " In recent years, durian prices in China have been rising. A box of 5 pieces fetches the wholesale price of 1,000 yuan. Is this a good thing for Thai durians? Does this show the value of durians? From a long-term perspective, is this price sustainable, and what led the price to be so high?"

Shen Ling: The rising prices are mainly a result of short supply. As I mentioned earlier, it takes 5 years for durians to start bearing fruit, so the current pricing pressure needs time to relieve. Moreover, the production last year was quite large, and the staged harvest period was long, so the market price failed to drop.

 

SOUNDS LIKE THE DURIAN PRICE WILL CONTINUE TO BE STRONG!

https://www.freshplaza.com/article/9298619/musang-king-harvested-for-the-first-time-in-thailand/

$NutryFarm(AZT.SI)

 

This is an article in Nov 2019. Not sure if things have changed. But this is an interesting point in this CNA article.

 

Thailand is the ONLY country allowed to export fresh whole durians directly to mainland China, thanks to a 2003 trade agreement. Of its annual output of around 600,000 tonnes, 70 per cent last year went to the Chinese market.

 

https://www.channelnewsasia.com/news/cnainsider/how-china-love-durian-reshaping-thai-countryside-monthong-musang-12136924

China imported $2.2 billion worth of durians from Thailand in 2020

 

Chinese demand for Thai durians remains strong despite the coronavirus pandemic. China imported 575,000 tons of durians worth 14.7 billion yuan ($2.2 billion) from Thailand in 2020. This an increase of 78 percent year-on-year, according to the Ministry of Agriculture and Cooperatives of Thailand, making China the largest export market for fresh durian from Thailand.

 

https://www.freshplaza.com/article/9298106/china-imported-2-2-billion-worth-of-durians-from-thailand-in-2020/