Due to quarantine issues

Vietnam: Lychees witness considerable price drops

Hundreds of lychee farmers are struck by the slumping prices as foreign traders were held up in quarantine.  The nation usually exports around 100,000 tons of fresh lychees, worth more than $30 million each season. Most of these fruits go to China but to Japan, Australia and the US too. However, business is down in 2020 as Vietnam keeps its borders shut.

“Because of the pandemic, we aren‘t seeing Chinese traders and we mostly sell to domestic traders so the price is very low,” Nguyen Van Thanh, 35, told AFP, adding that half his haul ends up overseas in a normal year.

Foreign buyers tend to come directly to the market – just a few hour’s drive from the Chinese border – during the fruit‘s short six-week season. But state media reported last week several hundred from China and Japan had been quarantined for 14 days. Despite authorities saying they would promote domestic consumption, prices have dropped to half of what they were in 2019.

Source: pinevillevoice.com


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