{"id":384,"date":"2023-07-26T15:01:53","date_gmt":"2023-07-26T07:01:53","guid":{"rendered":"https:\/\/www.ftpol.com\/en\/?p=384"},"modified":"2023-08-01T15:03:30","modified_gmt":"2023-08-01T07:03:30","slug":"durians-sell-for-s72300-during-auction-in-hainan","status":"publish","type":"post","link":"https:\/\/www.ftpol.com\/en\/durians-sell-for-s72300-during-auction-in-hainan.html","title":{"rendered":"Durians Sell For S$72,300 During Auction In Hainan"},"content":{"rendered":"<p>China is not the first place you\u2019d think of when it comes to growing durians compared to Southeast Asia, but Hainan Island aims to change that.<\/p>\n<p>In Hainan\u2019s first-ever durian conference, a set of durians went for a whopping S$72,300 (388,888 yuan).<\/p>\n<p>The auctioned durians had their first bid at S$165.<\/p>\n<p>Durians have only been harvested this year in Hainan after they were first planted in March 2020.<\/p>\n<h3>Durians go for S$72,300 at durian conference in China<\/h3>\n<p>TikTok user @louisong14 reposted a video on TikTok of the auction, which was held at a durian conference in Hainan on Tuesday (25 July).<\/p>\n<p>The starting price of about 6.91kg of durian was 888 yuan (S$165).<\/p>\n<p>Bidders could raise the amount at will, meaning they can quote any amount they wish.<\/p>\n<p>The bid quickly rose dramatically, shooting above 10,000 yuan (S$1,861), then 30,000 yuan (S$5,585), then 100,000 yuan (S$18,618).<\/p>\n<p>Finally, according to\u00a0<a href=\"https:\/\/www.chinanews.com.cn\/cj\/2023\/07-25\/10049545.shtml\" target=\"_blank\" rel=\"noopener\">China News Service<\/a>, Jilin Sendian Food Company, Ltd put in the winning bid of 388,888 yuan (S$72,404).<\/p>\n<div id=\"attachment_450560\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-450560 size-full lazyloaded\" src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/00008.3.webp\" alt=\"\" width=\"1600\" height=\"1065\" aria-describedby=\"caption-attachment-450560\" data-srcset=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/00008.3.webp 1600w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/00008.3-600x399.webp 600w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/00008.3-1024x682.webp 1024w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/00008.3-150x100.webp 150w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/00008.3-1536x1022.webp 1536w\" data-src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/00008.3.webp\" data-sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/p>\n<p id=\"caption-attachment-450560\" class=\"wp-caption-text\">Source: China News Service via\u00a0<a href=\"https:\/\/www.orientaldaily.com.my\/index.php\/news\/international\/2023\/07\/26\/583132\" target=\"_blank\" rel=\"noopener\">Oriental Daily<\/a><\/p>\n<\/div>\n<p>Deputy general manager Gao Fenglin said the company will develop the ripe durian market as one of its main businesses.<\/p>\n<p>He also hopes that Hainan can grow more high-quality durians to meet the needs of domestic consumers.<\/p>\n<h3>First-ever durian conference in Hainan<\/h3>\n<p><a href=\"https:\/\/www.chinanews.com.cn\/cj\/2023\/07-25\/10049545.shtml\" target=\"_blank\" rel=\"noopener\">China News Service<\/a>\u00a0reports that the durian conference was the first-ever held in Hainan.<\/p>\n<p>Almost five tons of durians were prepared, including Golden Pillows, Musang King and Kan Yao durians.<\/p>\n<p>Kan Yao is a Thai variety and is reportedly related to Musang King. It has a reputation for being\u00a0one of the most expensive\u00a0in the world, able to be sold for US$48,000 (S$63,883).<\/p>\n<p>All of the durians were planted in Sanya by Hainan Youqi Agriculture.<\/p>\n<p>A guest who tried five varieties said that two \u201cexceeded expectations\u201d, while another three weren\u2019t as good.<\/p>\n<p>However, he noted that three-year trees can be considered top in the class, even in Southeast Asia.<\/p>\n<h3>Farm in Hainan grows durians<\/h3>\n<p>Hainan Youqi Agriculture planted around 1,300 acres of durian \u2014 50 fruits a day.<\/p>\n<div id=\"attachment_450555\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-450555 size-full lazyloaded\" src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/1129767548_16902811045051n.jpg\" alt=\"\" width=\"1008\" height=\"672\" aria-describedby=\"caption-attachment-450555\" data-srcset=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/1129767548_16902811045051n.jpg 1008w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/1129767548_16902811045051n-600x400.jpg 600w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/1129767548_16902811045051n-150x100.jpg 150w\" data-src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2023\/07\/1129767548_16902811045051n.jpg\" data-sizes=\"(max-width: 1008px) 100vw, 1008px\" \/><\/p>\n<p id=\"caption-attachment-450555\" class=\"wp-caption-text\">Source:<a href=\"http:\/\/www.news.cn\/fortune\/2023-07\/25\/c_1129767548.htm\" target=\"_blank\" rel=\"noopener\">\u00a0News.cn<\/a><\/p>\n<div class=\"code-block code-block-5\"><\/div>\n<\/div>\n<p>The annual output is around 40 tons.<\/p>\n<p>Du Baizhong, the general manager at Hainan Youqi Agriculture, said, \u201cIt really isn\u2019t easy to grow durians in Hainan.\u201d<\/p>\n<p>Mr Du started planting durians in March 2020 in Sanya and even became the president of the Durian Association in Hainan.<\/p>\n<h3>Domestic durians can be tastier compared to imported ones<\/h3>\n<p>According to an associate researcher at the Institute of Tropical Crops Variety Resources of the Chinese Academy of Tropical Agricultural Sciences, the mature Golden Pillow durian grown domestically can achieve a richer flavour than imported products in Southeast Asia.<\/p>\n<p>This is because the durians are fresher as compared to imported ones.<\/p>\n<p>However, large-scale commercial durian planting in China isn\u2019t a thing yet.<\/p>\n<p>According to\u00a0<a href=\"https:\/\/finance.sina.cn\/cj\/2023-07-29\/detail-imzeitky2207136.d.html?vt=4&amp;cid=76675&amp;node_id=76675\" target=\"_blank\" rel=\"noopener\">S<\/a><a href=\"https:\/\/finance.sina.cn\/cj\/2023-07-29\/detail-imzeitky2207136.d.html?vt=4&amp;cid=76675&amp;node_id=76675\" target=\"_blank\" rel=\"noopener\">ina<\/a><a href=\"https:\/\/finance.sina.cn\/cj\/2023-07-29\/detail-imzeitky2207136.d.html?vt=4&amp;cid=76675&amp;node_id=76675\" target=\"_blank\" rel=\"noopener\">\u00a0News<\/a>, domestic durians are only sold on e-commerce platforms and cost much more than imported durians.<\/p>\n<p>Because of this, the industry still mainly relies on imports.<\/p>\n<p>As a result, prices will not drop significantly in the short term.<\/p>\n<p>However, the planting of more durian trees should reduce prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China is not the first pl<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/posts\/384"}],"collection":[{"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/comments?post=384"}],"version-history":[{"count":1,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/posts\/384\/revisions"}],"predecessor-version":[{"id":385,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/posts\/384\/revisions\/385"}],"wp:attachment":[{"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/media?parent=384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/categories?post=384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/tags?post=384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}