The global lychee market is projected to witness a CAGR 3. 5% during the forecast period (2021-2026). The year 2020 was not very promising for the lychee farmers around the world. Due to the prolonged lockdown around the world, the farmers were not able to market their produce, resulting in losses for the farmers.
New York, Nov. 03, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Lychee Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06179125/?utm_source=GNW
Owing to the increasing demand for fresh produce in the emerging and developing nations worldwide and rising trade from the major producers and favorable government initiatives in the major producing countries is driving the growth of the market.
At the end of 2019, Vietnam entered into an agreement with the lychee farmers for the export of lychees to the Japan. However, the pandemic trade restrictions posed as a…