China’s robust demand drives up lychee prices in Vietnam
May 21, 2024 | Produce Report |
Adverse weather conditions have led to a sharp decline in China's lychee production, causing market prices to rise. Vietnam's lychee season has also been affected, with Bac Giang province experiencing a 50% decrease in output compared to last year. This reduction is attributed to similar weather patterns during the flowering stage as seen in China. Despite the decrease in production, demand remains high, resulting in increased prices. Grade 1 lychees now sell for nearly 60,000 Vietnamese dong per kilogram, up from previous years. Chinese traders have begun arriving in Bac Giang to procure lychees, with over 200 traders visiting in 2023. In Huyen Thanh County, Hai Duong province, lychee production is expected to halve from last year, but improved quality is anticipated to drive prices up by 10-20%. The region's first batch of lychees was exported to Australia, with plans to export to additional markets like France, Thailand, Singapore, and Canada this year.
Read more
Viewed Articles
May 21, 2024 | Produce Report | Adverse weather conditions have led to a sharp decline in China's lychee production, causing market prices to rise. Vietnam's lychee season has also been affect
Read More
November 14, 2024 | Krishi Jagran | Akbar Ali Ahmed, a progressive farmer from Assam's Chirang district, transitioned to dragon fruit farming six years ago, creating a successful and sustainable v
October 26, 2024 | Viet Nam News | Tuyên Quang Province in northern Vietnam marked a milestone with its first export of nearly 8,000 Soi Hà pomelos to the UK. These high-quality fruits boast a Brix sw
November 15, 2024 | Mathrubhumi.com | Farmers in Kerala face a lorry shortage for transporting pineapples to northern India due to increased demand for onion transport. The situation worsened during D
November 18, 2024 | Perishable News.com | The U.S. Department of Agriculture (USDA) has authorized the importation of fresh Hass avocados from Guatemala. After thorough research, the Animal and Plant
October 11, 2024 | the better india | In Karnataka’s Kadaba, Lohith Shetty transformed a 41-acre farm into a profitable venture cultivating exotic fruits like rambutan, mangosteen, and dragon fruit. D