[May 24th] Seasonal egg-shaped lychee prices jump 20% amid low supply

Egg-shaped lychees from northern Hung Yen Province are being sold at VND240,000 (US$9.43) per kilogram in HCMC and Binh Duong Province, 20% higher than a year ago, on lower output.

They are up 19% in Hanoi at VND190,000.

A similar variety grown in Hai Duong Province costs VND160,000-170,000.

They are more expensive than regular or seedless lychees due to their size, which is as large as a chicken egg, and thicker, more fragrant and sweeter pulp.

A kilogram of egg-shaped lychee usually consists of 19-20 fruits, while regular varieties number 28-30.

Farmers and merchants expect the fruit to sell out quickly this year because its supply is down from last year.

Dong Thi Thu Huong, director of the Minh Tien Agricultural Cooperative in Hung Yen, said the cooperative’s 20 hectares of egg lychees would be ready for harvest in five to ten days.

Some 70% of the crop has already been bought at VND145,000-150,000 per kilogram, she said.

Source: VN Express