Crop failure but Bac Giang farmers still earned 5,760 billion VND by selling a golden fruit everywhere

The Bac Giang Department of Industry and Trade reports a significant increase in lychee consumption, with nearly 86,000 tons consumed, primarily domestically and exported mainly to China. The price of lychee has surged due to a crop failure and low output, leading to a supply-demand imbalance. Despite the setback, the industry has seen revenue growth, with the Phuc Hoa early lychee area experiencing a good harvest. The district is diversifying agricultural production to mitigate the impact of the lychee crop failure and is supporting farmers in managing pests and diseases. The district is also transferring funding to implement hybrid corn and castrated rooster models, as well as a production linkage support model, to aid farmers.

According to the Bac Giang Department of Industry and Trade, total lychee consumption is nearly 86,000 tons (about 48,000 tons of early lychee; 38,000 tons of main season lychee). Lychee is consumed favorably in both the domestic and export markets, of which the domestic market consumes over 60,000 tons through channels: wholesale markets, people's markets, supermarkets, and e-commerce platforms. , fresh processed and dried lychees and other wholesale and retail systems. The remaining amount is exported to markets, mainly China (more than 24,500 tons) and some countries and territories such as: EU 53 tons, Japan 45 tons, Australia 42 tons, USA 20 tons, Dubai 21 tons, Canada 16 tons, Southeast Asian countries 18 tons... The price of lychee right from the first days of the season has increased, 2-3 times higher than in 2023, on average ranging from 55,000 - 85,000 VND/ kg, highest ever. According to the Bac Giang Department of Industry and Trade, the increase in product prices is ...