Economic news

Pepper prices are the lowest in the past six years

According to the Ministry of Agriculture and Rural Development, in the downward trend of the world market, in May 2017 pepper prices in Vietnam are also falling sharply in the area of large raw materials. Reduced buying demand coupled with an increase in acreage and yields over the years has made pepper consumption difficult. Pepper prices in the country are falling at the bottom, the lowest in the last 6 years. Up to 18/5, in the main raw material areas…
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Cashew exports to the EU towards $ 1 billion

In the context of many difficulties due to reduced domestic raw materials, in 2017, the industry strives to export $ 3.3 billion, of which the kernel is $ 3 billion. The EU market this year is expected to hit US $ 1 billion for the first time, accounting for more than 32% of the market share. As reported by the Vietnam Cashew Association (Vinacas), in 2016 Vietnam cashew exports over $ 3 billion, including about $ 2.85 billion in cashew…
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The highest rice export price in nearly 3 years

In the past few weeks, rice export prices have increased steadily and are now at their highest level since late 2014. Many countries in the region are returning to import rice in Vietnam. According to the Ministry of Industry and Commerce, Vietnam’s export rice price is constantly increasing. In early June, the price of 5% broken rice (FOB price) was 390 USD / ton, up from 360 – 380 USD / ton at the end of May. This is the…
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The village of coconut fiber

Previously, the craft village of Khanh Thanh Tan (Mo Cay Bac, Ben Tre) was in difficulty due to not being found in 2008 by the Vietnam Handicraft Association. Get the output. Currently only coconut coil is falling sharply. Coir net reduced nearly 100,000 VND, only 160,000 VND / coil; Kind of cardiac lamp is also VND 100,000 / coil, down VND70,000 … Switch to coconut shells Khanh Thanh Tan coconut fiber co., These days no longer hear the winding sound…
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Blockchain gradually became a major tool in the battle of food safety

Blockchain, the underlying technology behind bitcoin coins, is becoming a digital system for identifying food safety and commodity origin. According to the Japan Times, the food industry is turning to technology similar to the technology used in the virtual currency system to enhance food safety. This technology allows different parties in the supply chain to use individual codes for merchandise to track meat, fish, farm produce from farm to fork, share details of slaughtering dates or cashew nuts. Weather conditions…
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Vietnamese rice exports are in large inventory because of low prices.

According to the Ministry of Agriculture and Rural Development, the rice export market of Vietnam is facing difficulties, rice is mainly exported under commercial contracts, so the price is not high compared to the price of rice in the domestic market. At present, the quantity of rice in export processing enterprises is high. In the first four months of this year, Vietnam’s top export markets were down sharply in value, including Ghana down 51%, Hong Kong down 45.4%, United States…
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Viewing angle: 550 trillion dong lies in the “bad debt fire”

Before the “fire”, many opinions are still controversial fire from where, using water sources stamping, with how much … In 2011, the “fire of bad debt” officially flared. So far, six years have passed, a draft resolution of a size that is expected to assist in extinguishing essentially and completely new fires, and many opposing views. The Standing Committee of the National Assembly has stressed the urgent need to stamp out the “fires of bad debts”, with the orientation of…
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The list of pesticides will be amended

The Ministry of Agriculture and Rural Development is drafting the Circular amending and supplementing some contents of Circular No. 03/2016 / TT-BNNPTNT dated 21/4/2016 of the Minister of Agriculture and Development To promulgate a list of plant protection drugs permitted for use or banned from use in Vietnam; To issue HS codes for plant protection drugs permitted for use or banned from use in Vietnam. Specifically, the Ministry proposes five types of plant protection drugs officially registered in the list…
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U.S. Structural Pest Control Market Surpasses $8 Billion

The United States structural pest control industry is comprised of an estimated 19,820 pest control firms. Mild summer and winter weather, increased insect pest and rodent pressure, and expanded service offerings for public health pests like mosquitoes, appeared to aid the professional pest control industry this past year. The professional pest control industry generated an estimated $8.175 billion in total service revenue in 2016, a 4.6 percent increase from the $7.815 billion measured in 2015, according to the latest report,…
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It Only Takes One Person to Spread Harmful Invasive Pests

PIERRE, S.D. – The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has designated April as Invasive Plant Pest and Disease Awareness Month. According to USDA, each year, harmful invasive plant pests and diseases cost the United States about $40 billion in crop losses, damage to forests and vulnerable ecosystems and expensive eradication and control efforts. “People wonder if their individual actions really matter. The answer is yes,” said Dale Anderson, South Dakota Department of Agriculture plant quarantine…
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