Lychees in a price war: record harvest meets high purchasing prices!

Lychees in a price war: record harvest meets high purchasing prices!

The upcoming lychee season in Vietnam is causing mixed feelings among consumers. Although the prices for the fruit are high at the beginning of the season, the demand for the sweet lychees remains unbroken. Loud Vietnam.vn The lychees ripen in late May in the Thanh Ha (Hai Duong) and Bac Giang districts, and the first fresh fruits are already available in the markets.

The season promises a rich harvest: the lychees are plump and heavy, which indicates the high quality of the fruit. Farmers in the region respect VietGAP standards, resulting in a bumper harvest. The prices of lychees vary greatly: in Hanoi, the price of large, fresh lychees is between 80,000 and 120,000 VND per kilogram, while smaller specimens are sold for 65,000 to 90,000 VND. At the Nhan Chinh market they are available for 60,000 to 90,000 VND/kg, and in supermarkets the prices range from 80,000 to 100,000 VND/kg.

Market forecasts and export opportunities

The litchi industry is showing strong growth, which is expected to increase further in the coming years. Loud Mordor Intelligence The lychee market size is expected to grow to USD 7.10 billion by 2024 and reach USD 9.27 billion by 2029, with a remarkable growth rate of 5.50% during 2024-2029. This development is fueled by increasing demand for fresh foods in emerging markets and growing demand for processed lychee products such as jams and juices.

Vietnam is in the process of positioning itself as a major lychee exporter, particularly to Japan, where an export agreement was signed in 2019. Yields from lychee production in Vietnam, estimated at around 60,000 tonnes in 2023, could be further increased through advanced processing and improved trading strategies. 8,800 hectares of lychee cultivation area are planned in Hai Duong by 2025 in order to optimize production.

Upcoming trade promotion events

An upcoming Thanh Ha lychee trade promotion conference will be held at the end of May. The aim of this event is to strengthen trade relations, improve quality and increase brand awareness of the regional lychees. This could not only boost domestic consumption but also increase exports of litchi.

Overall, lychee prices and developments in Vietnam show that demand for this nutritious superfruit remains strong. Consumers and producers hope for a successful season that not only increases market value but also supports regional producers.