Vietnam’s poor lychee harvest causes higher prices and lower exports

Published 2024년 8월 1일

Tridge summary

Vietnam has seen a significant decrease in lychee exports in the first half of this year, with a 46% drop compared to the same period in 2023, totaling $23.6 million. The main reason for this decline is a poor harvest, which has led to a reduced supply. The top three importers, China, Japan, and the United Kingdom, have also seen a decrease in imports from Vietnam. The worst harvest on record has resulted in historic high prices, with the domestic market seeing prices soar to 180,000 Vietnamese dong ($7.13) per kilogram, more than three times the prices from last year. The availability of lychees in the market has also been much shorter this year.

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

Original content

According to a Vietnamese news report, Vietnam’s total lychee export value in the first half of this year was only $23.6 million, a year-on-year decrease of approximately 46% compared with the same period of 2023. Among the top 10 overseas markets for Vietnamese lychees, China, the biggest importer, saw its import value fall sharply to just $14.5 million, a year-on-year decrease of 62%. Meanwhile, Japan and the United Kingdom, the second- and third-largest importers, witnessed declines of 4% and 16%, respectively. Vietnam’s lychee cultivation is primarily concentrated in the provinces of Hai Duong, Bac Giang and Hung Yen, as well as some parts of the Central Highlands region. According to the Vietnam Fruit and Vegetable Association, the main reason for the sharp decline in lychee exports is a poor harvest, which led to a significant reduction in the available lychee supply. This year, Vietnam’s lychee output was only around 200,000 metric tons, representing a 50% decrease compared ...

Source: Producereport