12 Aug '17, 11am

Government mindful of unstable durian prices

Government mindful of unstable durian prices

PEKAN: Incentives and subsidies are in place to stabilise the price of durian in the Malaysian market. Deputy Agriculture and Agro-Based minister Datuk Seri Tajuddin Abdul Rahman said high demand outstripping supply caused price for the "King of Fruits" to register a slight increase compared to last year. "We at the ministry cannot set a ceiling price for the fruit. It is indeed slightly pricier in the local market compared to last year due to lack of supply. "Most fruits end up being sold in countries like China and Singapore. For example, the price of Musang King durian reach RM140 per kilogramme, and this has greatly helped (fruit) farmers to reap lucrative earnings. "What we can do is control (stabilize) prices for the local market by giving subsidies and incentives to orchard owners to plant more durian fruit trees. When there is large supply, the price will surely st...

Full article: https://www.nst.com.my/node/267019

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