Luc Ngan litchi price is the highest in history

At its peak, Luc Ngan lychee was sold for up to 80,000 VND per kilogram, while last year it was only 40,000 VND.

Mr. Tran Quang Tan, Director of the Department of Industry and Trade of Bac Giang, said that the price of Luc Ngan lychee this year reached the highest level since it was planted in this locality in 1953.

The selling price of lychee this year is considered the highest in the past 64 years, averaging 40,000 VND per kg (including the cheapest to the most expensive types), while in 2016 it was 25,000 VND per kg. In particular, there was a peak period in 2017, with beautiful, carefully selected items, the selling price could reach 80,000 VND per kg.

Illustration photo.

According to a report by the Bac Giang Department of Industry and Trade, as of the afternoon of July 10, the province's lychee output had reached nearly 81,000 tons with a total revenue of more than VND31,000 billion. There are only about 4 days left until the end of the 2017 lychee crop and the total output is expected to reach about 86,000 tons.It is estimated that this year Bac Giang people's income from lychee increased by over 2,000 billion VND compared to the 2016 crop.

Regarding the information about Chinese traders withdrawing from the country, Mr. Tan said that the lychee season has come to an end, with only 4 days left, so there are currently only about 4,000 tons left, equivalent to about 5% of the total output of the season.Because of the scarcer supply of goods, there are only about 10 weighing points with 23 Chinese traders in the province. Meanwhile, at the peak, the number of Chinese traders here was143 people.

Regarding the selling price, he also explained that at the end of the season, the quality of high-quality lychees is not as good as in the previous period. Therefore, the price decrease is normal.

"Today alone, the selling price ranges from 18,000 to 40,000 VND, although it is lower than the peak, it is still equal to the most expensive time of 2016. The beautiful fabrics for export were harvested at the time of high prices, high-quality fabrics are still scarce so the price must be lower, which is normal," said Mr. Tan.

This year, the domestic market consumed about 54,400 tons. Besides,Bac Giang lychee has been present in about 30 countries around the world afterexpand to Thailand, Dubai (UAE). However,China remains an important market, consuming 24,721 tons. 2017 was also the yearThe first pilot export of lychees by sea was to the US to save on transportation costs./.

According to VNE