Dragon fruit, rice, catfish prices fall

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The price of dragon fruit, rice and tra catfish has been dropping steadily in the Mekong Delta region. A kilogram of medium-size dragon fruit sold for VND4,000-5,000 on May 29, while a kilogram of larger-size dragon fruit went for VND7,000-8,000. Merchants said the price of dragon fruit has fallen because local companies are facing difficulty…


VN agro, fish exports exceed US$10 billion

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The Ministry of Agriculture and Rural Development has reported that the turnover of the country’s agro and fish exports have reached over US$10 billion, an increase of 41.5% compared to the same period last year. In the first five months of the year, agricultural products reached US$2.1 billion. Rice, coffee, rubber and aquatic products were…


Disease causes heavy losses for shrimp farmers

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Shrimp farmers in coastal provinces of the Mekong Delta are suffering unprecedented losses due to a disease that has infected tiger shrimp in 40,000 hectares of farm area. Pham Hoang Giang, head of the Bac Lieu Aquaculture Department, said microsporidiosis was the main cause of the losses. Right now there is no specific remedy for…


Vietnam coffee prices to rise on tight supply

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Domestic coffee prices in Vietnam, the world’s second-largest producer, could rise more than 6 percent in the second half of this year due to tight global supplies, the Agriculture Ministry said on Wednesday. * Vietnam coffee prices may hit $2,680-$2,924/T * Vietnam’s current stocks seen down at 2.5-4.08 mln bags * Next harvest seen at…


Compulsory storage may be applied on rice, sugar

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Ministry of Industry and Trade is searching opinion of relevant agencies about applying compulsory storage on some essential commodities such as rice, sugar, steel, fertilizer, foodstuff. Accordingly, the maximum reserve on sufar is expected at 10% of sugar volume that traders are granted import quota, the VnExpress reported. As for producers, the reserve ratio is…


Rubber prices bounce back

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The price of SVR 3L, the major rubber variety Vietnam exports, has increased by 3.6 percent to US$488 per ton on the world market in the past two weeks, the Vietnam Rubber Group said. This has boosted the domestic prices of latex by 9.4 percent to VND30000-36000 per liter, it added. The hike in prices…


Chinese animal feed producer to buy Viet Nam livestock firm

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CP Pokphand, a Chinese animal feed producer, will buy a 70.8-per-cent stake in CP Viet Nam Livestock Co, one of the leading livestock and seafood companies in Viet Nam. CP Pokphand will acquire the interest from Bangkok-based Charoen Pokphand Group Co Ltd for about US$609 million – a figure equal to over 12 times CP…


Province to expand coconut cultivation areas

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The southern province of Ben Tre plans to increase coconut cultivation by 3,000-5,000 hectares, a provincial official said at a conference held here this week. The coconut was the most useful tree in the world since all parts of the coconut palms and nuts could be used, providing materials for many industries, including the processing…


Vietnam’s coffee price surpasses London price

Robusta coffee of Vietnam has for the first time since May 2010 been higher than the price in London market because of scarcity. In details, Vietnam’s price of 2 and 5% broken coffee for September delivery was $20-60 per ton higher than London level. One week ago, the bean coffee price had been $20 lower…


Policies fail to increase forestry investment

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Favourable conditions and policies will continue to be offered to attract sustainable and environmentally sound private investment in the forestry sector, an official of the Ministry of Agriculture and Rural Development’s forestry department has said. Nguyen Nghia Bien, head of the department’s planning division, said businesses which invested in reforestation and wood processing projects in…


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