China places unlimited orders for Thai longan

CHANTABURI, THAILAND, July 5 (TNA) - China has placed unlimited orders for Thai longan, resulting in its peak prices in three years currently. Longan exporters in Soi Dao and Pong Nam Ron districts, two largest longan growing areas in Thailand’s eastern Chantaburi province, have, therefore, started purchasing the fruit in advance from local orchards. After concluded deals, the longan exporters have received a ticket to guarantee that the produce will not be sold to others. The unlimited demand from China has shot up the prices of Thai longan to the three-year peak, with the prices of mixed-size longans having increased to 33-35 baht per kilogram, from 28-30 baht per kilogram earlier, and foreseen to even rising to high as 42-45 baht per kilogram in the near future. Exports of Thai longan from the Chantaburi province to global markets, particularly to China, have totaled some five billion baht annually so far with their upward trend anticipated. (TNA)