Early ripening lychee reduced by half price

Each kilogram of U Hong lychee, also known as early-ripening lychee, is currently retailing for VND40,000-70,000, down 50% compared to the same period last year.

This lychee is mainly grown in the Central Highlands and harvested from April to June every year, 1-1.5 months earlier than lychees in the North. In previous years, this type was expensive, up to more than 130,000 VND per kilogram, but now the price has suddenly dropped by half.

Accordingly, the price of fabric sold at shops and stalls in Ho Chi Minh City markets is only around 40,000 VND per kilogram for goods transported by car, and 70,000 VND for goods transported by air.

VnExpress 's records at lychee gardens in Kon Tum and Dak Lak also show that the current selling price is around 20,000-25,000 VND per kilogram.

Ms. Lan Anh, who owns 20 U Hong lychee trees in Dak Lak, said she just sold nearly 10 tons of lychee for 20,000 VND per kilogram. This is the lowest price ever. "Last year, traders rushed to buy, but now the weak purchasing power makes them not dare to buy in large quantities," Ms. Anh said.

Fabrics sold on carts in front of Xom Moi market (Go Vap). Photo: Hong Chau

Explaining the reason for the sharp drop in lychee prices , purchasing businesses said that it was due to the abundant early-ripening lychee output, an increase of about 20-30% compared to last year. Meanwhile, market consumption is still weak, people are tightening their spending, causing prices to fall. On the other hand, this year's crop has many types of tropical fruits that are in season early.

According to the leader of Thu Duc agricultural wholesale market, mangoes, mangosteens, durians, and pineapples are currently arriving at the market in large quantities, causing many items to drop in price sharply. In addition, goods from China entering Vietnam are cheap, so they are competitive.

Currently, most lychees sold in traditional markets are imported from the Central Highlands provinces, with wholesale prices ranging from 25,000 to 30,000 VND per kilogram. Businesses predict that prices will continue to drop when lychees from the North enter their main season.

The Department of Agriculture and Rural Development of Dak Lak province said that the area of ​​lychee cultivation here has increased to over 2,200 hectares, double that of 2020 and 7-8 times higher than that of 2015. Lychee trees have grown strongly in many localities, but according to the province, they are still mainly grown and sold by farmers themselves. Production linkages still have many obstacles because farmers, cooperatives and businesses have not found a common voice.

Hong Chau

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