Investvine-July 21

Durian prices have dropped dramatically in Malaysia due to an oversupply caused by hot weather, vendors say. Reports came in from markets in Kedah that smaller-sized durians were going for just one ringgit each, which is about $0.24. Larger and fresher durians were priced at between three and eight ringgit
On a market in Penang, a durian seller was spotted selling Musang King, widely seen as the best variety of durians, at 28 ringgit per kilogramme, or $6.60. In last year’s season, one kilogramme of Musang King used to sell for 125 ringgit.

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