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China’s $4 billion litchi crop destroyed by extreme weather

(Bloomberg) — Extreme weather is devastating China’s lychee crop, the jelly-like tropical fruit that is worth $4 billion a year to the country’s farmers.

China is both the world’s largest producer and consumer of the fruit, as well as a major exporter. About half of the lychees are grown in the southern province of Guangdong, where the harvest is due to an unusually warm winter followed by heavy spring rains. As a result, prices have risen.

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