Business

Bac Giang’s lychee revenue reaches 60-year high

Farmers in the northern province of Bac Giang earned revenue of 6.1 trillion VND (262.3 million USD) from lychee this year, surpassing records in the past 60 years in terms of value.
Bac Giang’s lychee revenue reaches 60-year high ảnh 1Illustrative image (Photo: phapluatplus.vn)

BacGiang (VNA) - Farmers in the northern province of Bac Giang earnedrevenue of 6.1 trillion VND (262.3 million USD) from lychee this year,surpassing records in the past 60 years in terms of value.

The province’stotal revenue from lychee was 5 trillion VND in 2016, 5.3 trillion VND in 2017and 5.8 trillion VND in 2018.

Farmersin the province have not had to bring their lychee to the market. Traders cameto their gardens to buy the fruit.

Bui Van Canh,a lychee trader in Luc Ngan district, said the district had a bumper lycheecrop with high prices this year. There is now a lack of lychee to sell toChinese traders as it is the end of the season.

Thelychee output this year in the province reached more than 90,000 tonnes withrecord prices of 30,000-50,000 VND (1.29-2.15 USD), even 80,000 VND (3.44 USD)per kilo.

A farmercould earn profits of several hundreds of millions of VND from their lycheegardens. Some households planting lychee with organic methods enjoyed muchhigher profits as people were paying up to 200,000 VND for a box of 10 lycheeswith stamps of traceability.

Tran VanHanh, a famer in Giap Son commune, said it was easy to sell lychee this year.Their organic lychees were offered for sale for the first time with higherprices.

Cao VanHoan, Vice Chairman of the Luc Ngan District People’s Committee, said thelychee quality this year has been the best so far. Therefore, they earned moredespite lower output than last year.

This hasbeen the first year the district applied pilot planting of organic lychee on anarea of 20ha, providing clean and safe products. The application of a modernproduction process helped Luc Ngan lychee increase selling prices three toseven times over those of previous years.

Theprovincial Department of Industry and Trade said around 50,000 tonnes of lycheewere sold to China so far this year.

Luc Nganlychee was exported to 30 countries and territories, mainly to China with 90 percentof the total and some demanding markets such as the European Union (EU), theUS, Russia, Canada and Japan.-VNA
VNA
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