Pepper price hits new record

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The domestic pepper price hit a 15-year high this morning as high demand and low supply on the world market forced up the price. The per tonne price reached VND124 million (US$5,900) today, an increase of VND4 million ($190) per tonne on the previous week’s price. Last Saturday, the price stood at VND120 million ($5,700)…


Rice exports climb to record heights

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HCM CITY — Viet Nam’s rice exports in the first seven months rose to a record high of nearly 4.62 million tonnes and fetched US$2.18 billion, the Viet Nam Food Association reported. It represented an increase of 16.72 per cent in volume and 26.07 per cent in value, Huynh Minh Hue, VFA’s general secretary told…


Cotton subsidies top $1.3bn – despite record price

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World cotton producers received $1.3bn in subsidies despite market prices doubling to a record high, with farmers in some countries enjoying a rise in state support. Prices of cotton, as measured by the Cotlook A index, averaged 1.64 cents a pound in 2010-11, up from 0.78 cents a pound the season before. With output rising…


Record seed potato exports

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SCOTTISH seed potato exports broke through the 100,000 tonne barrier for the first time ever in 2010/11. Exports have grown by 30 per cent over the last decade and demand continues to outstrip supply. However, the export of seed potatoes is still high risk for both grower and exporter, said Potato Council’s Mark Prentice. “We’ve…


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