This year’s lychee prices have been rising due to factors such as a lower production in the main producing areas. Currently, the marketing of lychees in many areas has entered its final stage, somewhat earlier than in previous years. According to the data from the National Agricultural Products Wholesale Market Price Information System, from June 26 to July 2, the average price of lychees dropped from 17.83 yuan/kg to 16.18 yuan/kg, a drop of 9.2%. For consumers, although the drop seems considerable, compared with the price of 4.86 yuan/kg on July 3 last year, the price of 15 yuan/kg this year is not cheap.
According to Wang Ping, an analyst at the Zhougudui Agricultural Product Market, this is because this year coincides with the off-year of lychees. As a result, the production of main producing areas, such as Guangdong and Hainan has in general reduced, leading lychee prices to be higher than the same period last year ever since they became available. Secondly, the price of common fruit has also risen this year. The rise in the price of apples and pears has contributed to the increase in the price of seasonal fruit lychee.
It’s now July, and the end of the lychee campaign is in sight. Currently, the lychee from this market is mainly from Vietnam and Guangxi, and lychees from Hainan have left the market. The current wholesale price is 8.5 to 10 yuan/kg, with the possibility to go back up at the end of the season.
Source: Yangguang Network