Vietnamese lychee prices are five times higher than last year, and exports to China have dropped by more than 70%

Published 2024년 7월 1일

Tridge summary

Bac Giang Province, Vietnam's primary lychee production region, is experiencing a significant increase in lychee prices as the production season draws to a close. Prices have surged five times higher than last year, despite the high cost, due to a severe shortage exacerbated by Chinese buyers. The province's lychee production has decreased by half compared to previous years, with Luc Ngan's production making up 61.9% of Bac Giang's total. The majority of the produce has been supplied domestically, with a significant portion exported to China and other international markets.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Recently, Bac Giang Province, the main lychee producing area in Vietnam, has entered the end of the production season. The price of lychees in Luc Ngan County, the largest lychee planting area in the area, has reached five times that of the same period in 2023, but it is still sought after by the market. The wholesale price of Class 1 lychees in Ho Chi Minh City is about 145,000 VND/kg (41.4 yuan/kg), and the retail price is as high as 210,000 VND/kg (59.9 yuan/kg). Although the price is quite high, it is still in short supply. Now the lychee production season in Hung Yen Province, Bac Giang Province and Haiyang Province in northern Vietnam has basically come to an end. A businessman who buys lychees in Luc Ngan said that only Tan Son still has very few lychees, and the price is rising every day. On June 24, the price was 110,000 dong/kg, and on the 25th it rose to 120,000 dong/kg, and on the 27th it rose to 140,000 dong/kg, which is five times the price of the same period last ...

Source: Guojiguoshu