Bắc Giang lychee prices reach record high

June 29, 2024 - 10:52

This surge is attributed to adverse weather conditions that significantly reduced Bắc Giang’s lychee output, which now stands at nearly 100,000 tonnes, around half of last year's production.

A farmer harvests lychees in Lục Ngạn District, Bắc Giang Province. The price of Bắc Giang lychees in 2024 has reached an all-time high. — VNA/VNS Photo

BẮC GIANG — The price of Bắc Giang lychees in 2024 ranges from VNĐ55,000 to VNĐ85,000 per kilogramme, doubling or even tripling the prices of 2023, reaching the highest level in history.

This surge is attributed to adverse weather conditions that significantly reduced Bắc Giang’s lychee output, which now stands at nearly 100,000 tonnes, around half of last year's production.

According to the Bắc Giang Department of Industry and Trade, the 2024 lychee season has seen favourable consumption both domestically and internationally. The province exported over 24,700 tonnes of lychees, accounting for more than 28.9 per cent of the total consumption, while domestic sales exceeded 60,900 tonnes, making up over 71 per cent.

The rise in prices has led to a significant reduction in the volume of Bắc Giang lychees exported this year. As of June 24, over 24,500 tonnes were exported to China. Other export destinations included the EU (53 tonnes), Japan (45 tonnes), Australia (42 tonnes), the United States (20 tonnes), Dubai (21 tonnes), Canada (16 tonnes) and South-East Asian countries (18 tonnes).

The Bắc Giang Department of Industry and Trade estimated that the total revenue from lychees and related services this year would exceed VNĐ6 trillion. Of this, domestic sales are projected to generate over VNĐ4.8 trillion, while export activities are expected to bring in VNĐ1.6 trillion.

With nearly 30,000 hectares dedicated to lychee cultivation, Bắc Giang has focused on producing 223 planting area codes, covering more than 17,100 hectares for exports.

Currently, Bắc Giang lychees are exported to 30 countries and territories. Recently, the "Lục Ngạn Lychee" brand from Hồng Xuân General Services Production and Business Cooperative (Hồng Giang Commune, Lục Ngạn District) was among four products that achieved a 5-star OCOP (One Commune One Product) rating by the Central OCOP Evaluation and Grading Council on June 25. — VNS

Vietnamese lychee promoted in Bangkok

The event runs from mid-June to early July at 32 Tops Food Hall and Tops Market stores across Thailand.

Economy

Bắc Giang’s lychee reaches out to choosy markets

The northern province of Bắc Giang has exported more than 24,000 tonnes of lychees to many markets with fastidious requirements from the outset of this year, according to the provincial Department of Industry and Trade.

Economy

Bắc Giang lychees promoted in Thailand

Fresh lychees from Lục Ngạn district, the northern province of Bắc Giang, continue to be sold at the supermarket chain of Gourmet Market and shopping malls belonging to Thailand’s The Mall Group this year.

Economy

Bắc Giang promotes consumption of early ripe lychees

Deputy Chairman of Tân Yên District People’s Commmitee Ngô Quốc Hưng said at a recent event to promote lychee consumption that Tân Yên early ripe lychees are popular for their quality, food safety and origin traceability.

Economy

Bắc Giang exports first batch of lychees to Germany

Bắc Giang lychees have been exported to more than 30 markets so far.

Economy

Bắc Giang focuses on increasing lychee value to compensate for crop loss

Lychee farmers and Bắc Giang local authorities are focusing on enhancing the value of lychees by improving care and promoting consumption.

MM Mega Market recognised among the 'Top 100 Best Places to Work in Việt Nam 2024'

Economy

Green lifestyle changes drive people towards ethanol fuel

Economy

World Bank outlines path for Việt Nam to reach high income status

Economy

Việt Nam vows to create favourable conditions for Korean investors

Economy

Aeon Mall to be built in Cần Thơ City

Economy

Cyberattack risks surge with AI advancements

More on this story

Economy

VN has huge potential in semiconductor industry: US expert

Việt Nam has a huge potential to promote the development of the semiconductor industry and artificial intelligence (AI) with an abundant young and well-trained individuals, a leading non-engineer semiconductor specialist in the US said.

Economy

Inflation a concern following salary increases

With many goods already witnessing sharp price increases in the first half of 2024, and incomes still struggling to bounce back from economic hardships, families are bracing for a potential squeeze on their budgets.

Economy

National Assembly ratifies UK’s CPTPP accession

With CPTPP and UKVFTA, Việt Nam’s goods, especially those of export strength such as agro-forestry-fishery, garment and textile, footwear and electronics, will have more access to the UK – a market with high consumption demand and spending levels.

Economy

Import-export turnover through Lào Cai Border Gate reaches nearly $1.6 billion

Of which, the export value is estimated to reach $866.6 million in the first six months of this year, equal to 186.24 per cent compared to the same period last year.

Economy

Bảo Việt to allocate $29m for 2023 cash dividends to shareholders

For profit distribution, Bảo Việt recorded a total post-tax profit of VNĐ1.12 trillion in 2023.

Economy

AI propels renewable energy to new heights

In Việt Nam, AI is expected to be adopted across smart buildings, urban transportation and electric vehicle charging infrastructure to enhance energy security.

Economy

The market sees a significant drop as foreign investors continue net selling

Benchmark indices moved in different directions on Friday as blue-chip stocks saw a withdrawal in capital while foreign investors continue net selling for 17 straight sessions.

Economy

IFC and Welcome Financial Group collaborate to tackle non-performing loans in Việt Nam

The platform aims to offload up to $1.2 billion in NPLs, enabling up to 400,000 debtors to regain formal credit access.

Economy

National Council for Sustainable Development established

The Council's responsibilities include researching, advising and recommending policies and mechanisms for sustainable development, on a national scale.