Bac Giang rejects information about litchi glut
The provincial government of Bac Giang has rejected rumors that litchi faced a glut that has prompted certain farmers to dump the unsold fruit, asserting that litchi production and consumption in the province is normal now, news website VnEconomy reports.
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“The information litchi prices went down at a record low of VND10,000 per three-kilo bunch does not reflect the litchi production and consumption in the province, causing worries to farmers,” the provincial authority stressed.
Litchi prices in the early season reached a peak between VND30,000 and VND45,000 per kilo. Litchi cultivated according to VietGap standard cost VND22,000 a kilo on June 1 in Tan Yen District.
However, the provincial government admitted that litchi priced at VND10,000 a kilo was of poor quality with small sizes.
“Bac Giang litchi consumption at the time averages out at 1,200 tons a day, with 9,000 tons having been sold, generating estimated revenue of VND170 billion,” VnEconomy cited the authority as saying.
