When lychees became available in mid-April this year, the high prices stopped many consumers in their tracks. In late May, however, the supply became sufficient and prices dropped. The wholesale price fell from 20-25 yuan/kg in the early season to 7-8 yuan/kg now. There are two varieties commonly seen in the market, Baitangying and Feizixiao. Depending on the quality, prices range from 10 to 15 yuan per half a kilo.
Traders said in the early season, due to limited supply, small volumes were shipped by air. The transportation cost was high, and prices were naturally not low. When lychees were on the market in large volumes, the shipment volume increased, and distributors were able to use refrigerated trucks to transport containers. The lower transportation costs led to lower retail prices.
In addition to brick-and-mortar fruit shops, many consumers also like to buy produce online, and prices there are very affordable. "Half a month ago, I bought 5 kilos of lychees on JD.com, and it was about 6 yuan per half a kilo.” Ms. Zhang said.
Source: Qidong Financial Media